603 W 12th St - Freestanding FOR SALE


Alturas, CA 96101
$6,100,000 USD
925-227-6230
603 W 12th St, Alturas, CA for Sale
$6,100,000 USD
Freestanding - FOR SALE
1/2
null | Request Cap Rate

603 W 12th St
Alturas, CA 96101


HIGHLIGHTS

  • Building Size: 16,000 SF
  • Highly visible retail location
  • Excellent opportunity for an investor
  • One-story, single-tenant

OVERVIEW

The property is offered at an asking price of $6,100,000 under an absolute NNN lease with five years remaining on the primary term and four additional five-year options, generating annual income of $308,000.04 from a single-tenant corporate Grocery Outlet (NASDAQ: GO), a high-performing store that ranks among the top in Northern California for customer satisfaction, operated by a company with approximately 510 locations nationwide, 150 of which are in Northern California, and recognized as the nation’s fastest-growing extreme-value grocery retailer.

FOR SALE DETAILS

PRICE

$6,100,000 USD

PRICE/SF

$381 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.51 AC

LAND SF

327,136 SF

ZONING

Commercial8078 – C

APN/PARCEL ID

001-090-049-000

ASK ABOUT THIS PROPERTY

Sandra WeckColliersMore Info
925-227-6230

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Sandra WeckColliersMore Info
925-227-6230

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