Tuesday, December 16, 2014

Fully-leased single-tenant retail - $9,800,000

Investment Highlights

Price: $9,800,000 - 7.43% Cap

  • Fully leased to Save Mart Supermarkets until 2023.      
  • Lease is firm until 2023 with six 5-year options to extend.      
  • High-visibility corner location with ADT in excess of 42,000.      
  • Other retail draws within the shopping center include Rite Aid, KFC, A&W, Goodwill, FM Bank and a Shell station on the hard corner.      
  • Located less than one mile from Hwy 99.      
  • SaveMart is growing. In 2006 it acquired 132 Albertson’s stores in northern California and northern Nevada, and had 2012 revenues of just under $3 billion.
  • Located northeast of the 800-acre soon-to-break-ground Delta Shores master planned community, featuring 5,200 new residences and approximately 1.3 million square feet of new commercial development.  

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