Valley Oaks | Commercial Development
Five Parcels Available from ±2.82 Acres to ±8.47 Acres
Marketing description
The Valley Oaks Commercial Development site has five parcels available for sale, lease or build-to-suit in Hidden Valley Lake, CA. Grocery Outlet, which opened in May 2022 is an anchor for the ±29.04 acre project and is packaged with the Valley Oaks Village II parcel.
Proximity to Clearlake, Cobb Mountain, historic Middletown and Mount Saint Helena, along with local equestrian amenities, agricultural resources, large open spaces and the growing wine industry uniquely situates this opportunity. The Valley Oaks Residential Development has ±380 single-family dwelling units on approximately 84 acres and sits adjacent to the Valley Oaks Commercial Development.
Investment highlights
- Adjacent to ±380 single-family homes in the Valley Oaks Residential Development.
- Anchored by Grocery Outlet, open since May 2022, with strong regional draw.
- Nearby Highways 29 and 175 offer convenient regional access..
AVAILABILITY
- Valley Oaks Village I: ±8.47 acres
- Valley Oaks Village II: ±5.18 acres (with Grocery Outlet)
- Valley Oaks Village III: ±7.29 acres
- Valley Oaks Village IV: ±2.28 acres
- Valley Oaks Village V: ±5.82 acres
NEW CONSTRUCTION SINGLE-TENANT GROCERY OUTLET:
- New 15-year lease; no early termination clause.
- 10% increases every five years.
- Brand-new construction.
- Corporate-guaranteed lease (NASDAQ: GO).
- Grocery Outlet has more than 400 stores throughout California, Idaho, Nevada, Oregon, Pennsylvania and Washington.
- Grocery Outlet describes itself as the nation’s fastest-growing extreme-value grocery retailer; The company recently opened its400th store in June 2021, which continues Grocery Outlet’s annual new store growth of 10%, adding roughly 35 new stores each year.
THE JEWEL OF THE VALUE GROCERY STORE CATEGORY:
- Grocery Outlet offers customers the “value treasure hunt” experience; similar model to extreme discounters T.J.Maxx and Ross Dress for Less.
- Unique marketing system that notifies customers every day about new products at the local level, taking the treasure hunt experience outside of the store (1.1 million subscribers).
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