1124 3rd St - Supermarket FOR SALE


Crescent City, CA 95531
$2,723,339 USD
332-345-4308
1124 3rd St, Crescent City, CA for Sale
$2,723,339 USD
Supermarket - FOR SALE
1/2
null | 5.75% Cap Rate

1124 3rd St
Crescent City, CA 95531


HIGHLIGHTS

  • Over 30 Years of Operating History
  • Necessity-Based Retail Use
  • Established and Expanding Grocery Operator
  • Consistent Local and Regional Consumer Traffic

OVERVIEW

Surmount is pleased to present the exclusive listing for a Grocery Outlet located at 1124 3rd Street in Crescent City, California. The property consists of approximately 18,100 rentable square feet situated on an estimated 1.32-acre parcel. Grocery Outlet has operated at the site since 1993 under a long-term Double Net (NN) lease structure. The current annual rent is $156,592 with scheduled 10% rental increases every six years.

FOR SALE DETAILS

PRICE

$2,723,339 USD

PRICE/SF

$150 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grocery Outlet

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.32 AC

LAND SF

57,560 SF

ZONING

-

APN/PARCEL ID

118-110-002-000

ASK ABOUT THIS PROPERTY

Chris MullinSurmountMore Info
332-345-4308

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Chris MullinSurmountMore Info
332-345-4308

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.