2820 Tulare St, Fresno, CA 93721 For Sale

Single-Tenant NNN Corporate Grocery Outlet:

• Recent 10-year lease extension; 8+ years remaining

• Grocery Outlet has operated at the location for over 11 years

• Rare NNN Grocery Outlet lease with landlord only responsible for structure

• 10% increases every 5 years; next increase in June 2029

• Corporate guaranteed lease (NASDAQ: GO)

• Grocery Outlet has 550+ stores across 16 states and $4.1 billion in annual revenue

• Grocery Outlet describes itself as the nation’s fastest-growing extreme-value grocery retailer, and opened 67 stores in 2024 and plans to open 33-35 stores by the end of 2025

Grocery Outlet Recently Announced Strong Second Quarter Fiscal 2025 Results; Second Quarter Fiscal 2025 Net Sales Increased by 4.5% to $1.18 Billion

Grocery Outlet has Become 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)

The Site is Situated at the Hard Corner Signalized Intersection of Tulare Street and R Street (32,000 CPD)

Conveniently Accessible to Highly Trafficked State Highways 99, 41, and 180 – The Downtown Location is Adjacent to City Hall and Fresno’s Government and Civic Buildings Bringing a Highly Walkable and Urban Environment:

• Walk Score of 91 – “Walker’s Paradise”

• Fresno recently secured $100+ million in State funds for downtown infrastructure improvements for streets, sidewalks, parking, and utilities

High-Density Location with Strong Daytime Population:

• Over 316,000 people in a 5-mile radius

• Over 368,000 daytime population in a 5-mile radius

• Over 600 new apartment units added and city’s focus to grow the downtown population significantly