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Grocery Store

Grocery Outlet | Corporate

3160 Buchanan Rd, Antioch, CA 94509

Listing Price: $6,966,000

Cap Rate
6.00%
Tenant Name
Grocery Outlet
Years Remaining On Lease
2.8
Gross SF
17,000
Guarantor
Corporate Guarantee
Rentable SF
17,000
Price/Gross SF
$409.76
Lease Type
Double Net
Rent Per Square Feet
$24.59

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Grocery Outlet located at 3160 Buchanan Road, Antioch, California. The Grocery Outlet (NASDAQ: GO) is a NN leased corporate guaranteed fee simple lease. The only landlord responsibilities are limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor. The property was built in 2015 and the lease expires in 2025 and has 4, 5 year options with 10% rent increases every 5 years. Grocery Outlet is strategically located near the signalized intersection of Buchanan Road & Somerville Road (Combined 36,000 VPD). This is one of the main retail corridors in Antioch near the Somersville Towne Center which is a 500,000 square foot mail. The Grocery Outlet is also located directly across the street from very dense population with 2 apartment buildings just across the street from the property totaling 285 units and 2 mobile home parks totaling 217 Units. Antioch is the third-largest city in Contra Costa County, California. Located in the East Bay region of the San Francisco Bay Area, it is a suburb of San Francisco and Oakland. Antioch is the Gateway to the Delta, located on the banks of the San Joaquin River in Northern California. Just off of Highway 4, in Contra Costa County. With a population of over 100,000 people, Antioch has become the heart of Eastern Contra Costa County, offering a variety of employment, shopping and vast recreational activities. Antioch has strong population growth and as a result, the city is added a eBART station in 2018 which help people more quickly and comfortably make the commute while at the same time take cars off the roads. The station helps to continue to grow demand in the area as people will be able to find affordable housing in the area and be able to conveniently commute to the job centers in San Francisco and Oakland. Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer deeply discounted, overstocked, and closeout products from name brand and private label suppliers. Grocery Outlet has more than 430 stores in eight states and was founded in 1946 and is headquartered in Emeryville, California. Grocery Outlet is a high-growth, extreme value retailer of quality, name-brand consumables and fresh products sold through a network of independently operated stores. Grocery Outlet’s differentiated model for buying and selling drives us to “WOW!” our customers every day, generating customer excitement, inspiring loyalty and supporting profitable sales growth. In 2019, Grocery Outlet launched its IPO on the Nasdaq Global Select Network. Grocery Outlet (GO) boasts a Market Cap of $3.418 Billion and a revenue of $3.28 Billion for the trailing twelve months.

Investment Highlights

  • CORPORATE GUARANTEE
  • Grocery Outlet has 76-Year Operating History | Over 430 Stores | Publicly Traded Company
  • Located at intersection of Buchanan Road & Somerville Road (Combined 36,000 VPD)
  • Surrounded by a Dense Residential Housing Market | 205 Unit Apartment & 80 Unit Apartment Across the Street & 217 Unit Mobile Home Park Across the Street
  • Strong Retail Synergy - Neighbors include Sears, 24 Hour Fitness, Dollar Tree, Big Lots, 99 Cent Only, Lowe's, Costco, Target, Joann's Fabrics, Petsmart, Red Lobster, McDonalds, Burger King, Footlocker and etc.
  • Limited Grocery Competitors in the Trade Area
  • 2015 Construction

Exclusively Listed By

Financing By

Grocery Store

Grocery Outlet | Corporate

Listing Price: $6,966,000

Cap Rate
6.00%
Tenant Name
Grocery Outlet
Years Remaining On Lease
2.8
Gross SF
17,000
Guarantor
Corporate Guarantee
Rentable SF
17,000
Price/Gross SF
$409.76
Lease Type
Double Net
Rent Per Square Feet
$24.59

Investment Highlights

  • CORPORATE GUARANTEE
  • Grocery Outlet has 76-Year Operating History | Over 430 Stores | Publicly Traded Company
  • Located at intersection of Buchanan Road & Somerville Road (Combined 36,000 VPD)
  • Surrounded by a Dense Residential Housing Market | 205 Unit Apartment & 80 Unit Apartment Across the Street & 217 Unit Mobile Home Park Across the Street
  • Strong Retail Synergy - Neighbors include Sears, 24 Hour Fitness, Dollar Tree, Big Lots, 99 Cent Only, Lowe's, Costco, Target, Joann's Fabrics, Petsmart, Red Lobster, McDonalds, Burger King, Footlocker and etc.
  • Limited Grocery Competitors in the Trade Area
  • 2015 Construction

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for Grocery Outlet located at 3160 Buchanan Road, Antioch, California. The Grocery Outlet (NASDAQ: GO) is a NN leased corporate guaranteed fee simple lease. The only landlord responsibilities are limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor. The property was built in 2015 and the lease expires in 2025 and has 4, 5 year options with 10% rent increases every 5 years. Grocery Outlet is strategically located near the signalized intersection of Buchanan Road & Somerville Road (Combined 36,000 VPD). This is one of the main retail corridors in Antioch near the Somersville Towne Center which is a 500,000 square foot mail. The Grocery Outlet is also located directly across the street from very dense population with 2 apartment buildings just across the street from the property totaling 285 units and 2 mobile home parks totaling 217 Units. Antioch is the third-largest city in Contra Costa County, California. Located in the East Bay region of the San Francisco Bay Area, it is a suburb of San Francisco and Oakland. Antioch is the Gateway to the Delta, located on the banks of the San Joaquin River in Northern California. Just off of Highway 4, in Contra Costa County. With a population of over 100,000 people, Antioch has become the heart of Eastern Contra Costa County, offering a variety of employment, shopping and vast recreational activities. Antioch has strong population growth and as a result, the city is added a eBART station in 2018 which help people more quickly and comfortably make the commute while at the same time take cars off the roads. The station helps to continue to grow demand in the area as people will be able to find affordable housing in the area and be able to conveniently commute to the job centers in San Francisco and Oakland. Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer deeply discounted, overstocked, and closeout products from name brand and private label suppliers. Grocery Outlet has more than 430 stores in eight states and was founded in 1946 and is headquartered in Emeryville, California. Grocery Outlet is a high-growth, extreme value retailer of quality, name-brand consumables and fresh products sold through a network of independently operated stores. Grocery Outlet’s differentiated model for buying and selling drives us to “WOW!” our customers every day, generating customer excitement, inspiring loyalty and supporting profitable sales growth. In 2019, Grocery Outlet launched its IPO on the Nasdaq Global Select Network. Grocery Outlet (GO) boasts a Market Cap of $3.418 Billion and a revenue of $3.28 Billion for the trailing twelve months.

Exclusively Listed By

Financing By

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