Current Use by Public Records
- Lifestyle centers
Property Details for 18657 Oak Mdw Dr
- Year built
- 2022
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents a newly constructed (2022), 18,000 square foot Grocery Outlet shopping center located at 18657 Oak Meadow Drive, Hidden Valley Lake, CA 95467. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $312,000. Secured by a corporate guaranteed NNN lease with a prominent national tenant, Grocery Outlet, the lease has a remaining term of 12.5 years, expiring May 30, 2037, and includes four 5-year renewal options. Rental increases are structured at 10% every five years, providing consistent growth potential. The landlord's responsibilities are limited to roof and structure maintenance, minimizing operational burdens. Situated on approximately 29.04 acres within the Valley Oaks Shopping Center, this property benefits from its strategic location near Clearlake, Cobb Mountain, Middletown, and Mount Saint Helena, capitalizing on the area's growing wine industry, equestrian activities, and agricultural resources. The asking price is $5,200,000, representing a compelling investment with significant long-term value. This is a rare opportunity to acquire a high-performing, low-maintenance asset with a secure, long-term lease.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hidden Valley Lake
- County
- Lake
- State
- California
- Longitude
- -122.564
- Latitude
- 38.7921
