Grocery Outlet | Patterson, CA
15-Year Net Lease | Next to Interstate 5
Marketing description
15-year net lease (12+ years remaining) to Grocery Outlet, with over 500 locations nationwide.
10% rental increases every five (5) years in the initial term and four (4) option periods.
Corporate-backed lease by Grocery Outlet Inc., a publicly traded company (NASDAQ: “GO”), enhances investment security with a proven track record.
Grocery Outlet has demonstrated financial stability, with a market cap exceeding $1.5 billion as of 2025.
The company narrowed its 2025 net sales outlook to a range of about $4.70B to $4.72B, which represented roughly 5% to 6% year-over-year growth versus fiscal 2024.
The company’s updated full-year 2025 outlook raised guidance from 33–35 net new stores to 37 new store openings.
ÂGrocery Outlet plans to open about 30–35 net new stores in 2026.
Investment highlights
Prime Retail Location: High-visibility and easily accessible location at the signalized intersection of Sperry Avenue (11,200 AADT) and Rogers Road.
Reliable Tenancy: Net sales rose by approximately 10.1% in fiscal 2024, reaching $4.37 billion.
Beneficial Proximity to a Major Thoroughfare: Direct visibility and access from Interstate 5, allowing the site to capture significant commuter traffic (55,400 AADT).
Strong Demographic Base: The fifteen-mile radius serves a populous region of 124,779, with an average annual household income of $155,783 within one mile.
Central Location: Centrally located between San Francisco, San Jose, and Stockton, giving this Grocery Outlet ideal access to long-distance Bay Area commuters.
Growing Market Dynamics: Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this Grocery Outlet and Patterson for steady concurrent growth.
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