663 Edith Ave - Supermarket FOR SALE
Corning, CA 96021 |
663 Edith Ave
Corning, CA 96021
HIGHLIGHTS
- 15-year net lease to Grocery Outlet (NASDAQ: “GO”)
- 10% rental increases every five (5) years
- Grocery Outlet is the nation’s largest extreme value grocery retailer, with more than 457 locations in eight states and $3.6 billion in annual revenue
- Grocery Outlet opened 27 new stores in fiscal 2022, including 10 in the fourth quarter
- In fiscal 2022, net sales increased by 18.9% to $930.8 million during the fourth quarter
- Q1 2023 continued strong earnings with net sales increasing by 16.1% along with Company wide raised guidance for fiscal 2023
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
Grocery Outlet
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
16063
STORIES
1
YEAR BUILT
2023
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
071-080-055-000
