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Urban-High Street

Safeway Ground Lease

3546 Mt Diablo Blvd, Lafayette, CA 94549

Listing Price: $3,600,000

Cap Rate
4.00%
Tenant Name
Safeway
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
14,810
Lease Type
Absolute Net
Rent Per Square Feet
$9.72

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a absolute NNN ground leased parking lot, with a corporate signed lease by Safeway in Lafayette, California. The tenant has 15 years remaining on the initial term with eight five year options to extend, demonstrating their long term commitment to the site which already includes a 50+ year operating history. The lease features 10 percent rental increases every 10 years during the base term and five percent every five years in each option period. The lease is an absolute NNN ground lease with zero landlord responsibilities, making it an ideal, management free investment opportunity for an investor looking for passive income.

Investment Highlights

  • 15 Year Absolute NNN Ground Lease with Eight Five Year Options to Extend
  • Corporate Lease Signed by Safeway with over 50 Years of Operating History at this Location
  • Prime Real Estate Located in Northern California in the Center of Downtown Lafayette's Main Retail Trade Area
  • Scheduled Rent Increases to Hedge Against Inflation in Base Term and in Option Periods
  • Highly Affluent Neighborhood with the Average Household Income of $196,152 within a One-Mile Radius

Exclusively Listed By

Urban-High Street

Safeway Ground Lease

Listing Price: $3,600,000

Cap Rate
4.00%
Tenant Name
Safeway
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
14,810
Lease Type
Absolute Net
Rent Per Square Feet
$9.72

Investment Highlights

  • 15 Year Absolute NNN Ground Lease with Eight Five Year Options to Extend
  • Corporate Lease Signed by Safeway with over 50 Years of Operating History at this Location
  • Prime Real Estate Located in Northern California in the Center of Downtown Lafayette's Main Retail Trade Area
  • Scheduled Rent Increases to Hedge Against Inflation in Base Term and in Option Periods
  • Highly Affluent Neighborhood with the Average Household Income of $196,152 within a One-Mile Radius

Investment Overview

Marcus & Millichap is pleased to offer the opportunity to acquire a absolute NNN ground leased parking lot, with a corporate signed lease by Safeway in Lafayette, California. The tenant has 15 years remaining on the initial term with eight five year options to extend, demonstrating their long term commitment to the site which already includes a 50+ year operating history. The lease features 10 percent rental increases every 10 years during the base term and five percent every five years in each option period. The lease is an absolute NNN ground lease with zero landlord responsibilities, making it an ideal, management free investment opportunity for an investor looking for passive income.

Exclusively Listed By

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