980 S Main St - Freestanding FOR SALE


Colville, WA 99114
$4,326,000 USD
415-602-6339
980 S Main St, Colville, WA for Sale
$4,326,000 USD
Freestanding - FOR SALE
1/9
null | 7% Cap Rate

980 S Main St
Colville, WA 99114


HIGHLIGHTS

  • 7-Years Remaining | Options To Extend | Scheduled Increases | Corporate Guaranteed | Well Known & Established Brand
  • Excellent Visibility & Access | Nearby National/Credit Tenants |S. Main Street (12,500 VPD) | Direct Consumer Base
  • Strong Demographics In 5-Mile Trade Area | Colville National Forest

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a corporate guaranteed (NASDAQ: GO), Grocery Outlet investment property located in Colville, Washington. The tenant, Grocery Outlet, Inc., has approximately 7-years remaining on its lease with 4 (5-year) options to extend. The lease features 10% rental increases every 5-years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. Grocery Outlet is a high-growth, value retailer of quality, name-brand consumables and fresh products sold through a network of more than 540 independently operated stores across 16 states, including approximately 80 locations throughout Washington State. The offering also includes an additional 4,174 square feet of vacant space.

FOR SALE DETAILS

PRICE

$4,326,000 USD

PRICE/SF

$162 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grocery Outlet

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

91

LAND DETAILS

LAND ACRES

2.27 AC

LAND SF

98,881 SF

ZONING

C-3

APN/PARCEL ID

0118800

ASK ABOUT THIS PROPERTY

Jeff GatesSRS Real Estate PartnersMore Info
415-602-6339

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Jeff GatesSRS Real Estate PartnersMore Info
415-602-6339

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