315 Panno Dr - Supermarket FOR SALE


Brawley, CA 92227
$6,052,000 USD
818-632-0233
315 Panno Dr, Brawley, CA for Sale
$6,052,000 USD
Supermarket - FOR SALE
1/10
null | 5.75% Cap Rate

315 Panno Dr
Brawley, CA 92227


HIGHLIGHTS

  • 11+ Years Remaining | Corporate Signed (NASDAQ: GO) |6.33% CAP in 2027 | Value Grocery Store Retailer
  • NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
  • Gateway to Imperial Sand Dunes (Glamis) | Imperial Valley
  • Across from Walmart Anchored Center | Retail Corridor |Strong National/Credit Tenant Presence
  • Signalized, Hard Corner Intersection | New Construction |Underserved Trade Area For Nationally Branded Grocers
  • Nearby Residential Developments (6,000+ Units) |Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate signed, recently constructed, Grocery Outlet Bargain Market investment property located in Brawley, California (Imperial Valley). The tenant, Grocery Outlet Inc., has approximately 11.5 years remaining with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is signed by the corporate entity (NASDAQ: GO) and is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor. Based in Emeryville, California, Grocery Outlet is a high-growth, extreme value retailer of quality, name-brand consumables and fresh produce currently operating more than 560 locations nationwide. The building also features state-of-the-art, brand new construction with modern amenities and design.

FOR SALE DETAILS

PRICE

$6,052,000 USD

PRICE/SF

$378 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grocery Outlet | 11.5 Yrs | 6.33% CAP in '27

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

55

LAND DETAILS

LAND ACRES

2.23 AC

LAND SF

97,139 SF

ZONING

C-2

APN/PARCEL ID

048-470-002-000

ASK ABOUT THIS PROPERTY

Aron ClineSRS National Net LeaseMore Info
818-632-0233

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Aron ClineSRS National Net LeaseMore Info
818-632-0233

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