Listed by Monarch Commercial Advisors
$24,972,000
Absolute NNN Lucky Supermarket
Details
Property Type Retail
Sub Type Grocery Store
Square Footage 43,689
Cap Rate 6.15%
NOI $1,535,771
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Remaining Term 11
Price per SqFt $572
Year Built 1991
Buildings 1
Stories 1
Acreage 3.580
11+ Years Remaining with Rare Annual Rent Escalations
Marketing description
This absolute NNN Lucky Supermarket sits just off Hwy 101 in San Carlos, one of the wealthiest suburbs in the country, with average household incomes over $275K. The property offers more than 11 years of term, annual rent bumps, and cross-access to one of California’s top-performing Home Depots. Surrounded by high-volume retailers like Trader Joe’s and Best Buy, this is a stable, low-maintenance asset sitting on A+ Silicon Valley dirt.
Investment highlights
Premier Bay Area Location with Exceptional Land Value
Affluent Demographics and High Income Area
High-Barrier to Entry Retail Node in Silicon Valley
Market-Leading Retail Environment
Strategic Access and Long-Term Potential
Strong Ownership & Sustainable Lease Structure
Listing Contacts
Listed by Monarch Commercial Advisors
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,535,771.00
$127,980.92/mo
Valuation Metrics
0
DSCR
6.15%
Cap Rate
6.15%
ROI
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