Property summary
This exceptional investment opportunity presents the chance to acquire a fee-simple interest (land and building) in a newly constructed, 24,000-square-foot Grocery Outlet located at 27315 N Bay Rd, Lake Arrowhead, CA 92317. The property sits on a 0.98-acre lot and boasts 79 parking spaces. A brand-new, 10-year lease is in place with Grocery Outlet, Inc., a well-established national chain with a strong credit rating (S&P: B+), featuring five 5-year renewal options. Each option period includes… a 10% rent increase, providing built-in protection against inflation and steadily growing net operating income (NOI). The current NOI is $365,000, resulting in a 5.50% cap rate on the $6,636,000 asking price. The lease is an absolute NNN lease, minimizing landlord responsibilities to roof, structure, parking lot, and foundation, making this an ideal low-management investment. The property benefits from a prime location at the intersection of N Bay Rd and CA-189, a high-traffic area with a combined 15,300 vehicles per day (VPD), and enjoys excellent visibility due to significant street frontage and a large pylon sign. The surrounding area features strong national credit tenants, including CVS Pharmacy, McDonald's, 7-Eleven, Shell, and Coach, creating synergistic tenant relationships and increased consumer traffic. The property's proximity to Rim of the World High School (928 students) further enhances its appeal. The 5-mile trade area boasts over 20,000 residents and 6,000 employees, with a one-mile radius exhibiting an average household income exceeding $130,898. The building itself features a state-of-the-art design with high-quality materials and a new 10-year roof warranty. This is a truly exceptional opportunity for a passive investor seeking a stable, high-performing asset with significant long-term growth potential. The property's APN is 0335-031-06-0000. The building was completed in 2024 and has 100% occupancy.
Ownership intelligence
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Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax
No data for this sectionNo tax or assessment record is on file for this parcel in the county feed.
Value estimate
· Sep 2026No data for this sectionNo value estimate could be modeled: the record carries too little market input for this parcel.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Location
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
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The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
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