18426 S State Highway 29 - Freestanding FOR SALE
Middletown, CA 95461 |
$4,800,000 USD
415-413-3005
18426 S State Highway 29
Middletown, CA 95461
HIGHLIGHTS
- 15-year net lease (11.5 years remaining) to Grocery Outlet, with over 500 locations nationwide.
- 10% rental increases every five (5) years in the initial term and four (4) option periods.
- Corporate-backed lease by Grocery Outlet Inc., a publicly traded company (NASDAQ: “GO”), enhances investment security with a proven track record.
- High-visibility and easily accessible location along Hartmann Road, a primary east-west Middletown thoroughfare.
- The site’s proximity to State Route 29 allows the property to capture significant local and commuter traffic.
- Location serves as the only Grocery Outlet location within a 15-mile radius of the property.
FOR SALE DETAILS
PRICE
$4,800,000 USD
PRICE/SF
$267 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Grocery Outlet
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.56 AC
LAND SF
111,514 SF
ZONING
GC
APN/PARCEL ID
014-260-510-000
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415-413-3005
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415-413-3005
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