LOW PSF and BELOW MARKET LEASE RATE
The best investments are priced at a discount, have durable and rising income from a successful tenant, plus strong current demand characteristics and prospects. Exactly matching these attractive and rare criteria, the Oakhurst Grocery Outlet features a single-tenant net lease (with below market rental rate) to an internet-resistant, value-driven essential retail anchor, plus prime location nearby Yosemite National Park. Year-round tourism plus a growing residential population provides diversified and perpetual demand for bargain groceries. Consequently, this offering represents one of the finest possible acquisition opportunities.
Grocery Outlet, a dominant food retailer with a recession-proof market niche, leases on a net basis the entire 18,050 square foot building until September 30, 2033. With an automatically rising rental rate, this scheduled rent increases to $242,000 during 2028. The tenant has three (5-year ±) lease renewal options.