2900 Sperry Ave - Freestanding FOR SALE


Patterson, CA 95363
$6,838,000 USD
415-413-3005
2900 Sperry Ave, Patterson, CA for Sale
$6,838,000 USD
Freestanding - FOR SALE
1/7
null | 5.85% Cap Rate

2900 Sperry Ave
Patterson, CA 95363


HIGHLIGHTS

  • 15-year net lease (12+ 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.
  • Grocery Outlet has demonstrated financial stability, with a market cap exceeding $1.5 billion as of 2025.
  • The company narrowed its 2025 net sales outlook to a range of about $4.70B to $4.72B, which represented roughly 5% to 6% year-over-year growth
  • The company’s updated full-year 2025 outlook raised guidance from 33–35 net new stores to 37 new store openings.

OVERVIEW

This property occupies a high visibility position at the signalized intersection of Sperry Avenue, which carries approximately 11,200 vehicles per day, and Rogers Road. The corner location provides strong access, exposure, and ease of ingress and egress, supporting consistent customer traffic. The tenant demonstrates operational strength, with net sales increasing approximately 10.1 percent in fiscal year 2024 to $4.37 billion. This upward trajectory reflects brand stability and continued consumer demand. The site also benefits from direct visibility and access from Interstate 5, which sees traffic counts of roughly 55,400 vehicles per day. This exposure enables the property to capture commuter traffic and regional draw beyond the immediate trade area. Demographically, the fifteen mile radius encompasses a population of 124,779. Within one mile, the average annual household income is approximately $155,783, supporting strong purchasing power and sustained retail performance. Strategically positioned between San Francisco, San Jose, and Stockton, the location provides connectivity to major Bay Area employment centers and commuter corridors. Projected income growth across the one, three, and five mile radii over the next five years further supports long term revenue stability and market expansion for this Grocery Outlet location.

FOR SALE DETAILS

PRICE

$6,838,000 USD

PRICE/SF

$342 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grocery Outlet

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.99 AC

LAND SF

86,684 SF

ZONING

PATHSC

APN/PARCEL ID

021-93-13

ASK ABOUT THIS PROPERTY

Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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Ryan ForsythCushman & WakefieldMore Info
415-413-3005

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