Listed by SURMOUNT
$2,723,339
Grocery Outlet
Details
Property Type Retail
Sub Type Grocery
Square Footage 18,100
Cap Rate 5.75%
NOI $156,592
Tenancy Single
Lease Type NN
Lease Expiration 05/31/2036
Acreage 1.320
Tenant Credit Corporate Guarantee
Lease Commencement 12/20/1993
Ground Lease No
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Grocery Outlet located at 1124 3rd Street in Crescent City, California. The property consists of approximately 18,100 rentable square feet situated on an estimated 1.32-acre parcel. Grocery Outlet has operated at the site since 1993 under a long-term Double Net (NN) lease structure. The current annual rent is $156,592 with scheduled 10% rental increases every six years.
Investment highlights
- Over 30 Years of Operating History | Grocery Outlet has occupied the property since 1993, demonstrating the site’s long-term viability and role within the Crescent City community.
- Necessity-Based Retail Use | The property serves the everyday grocery needs of the surrounding trade area, supporting recurring consumer demand throughout varying economic cycles.
- Established and Expanding Grocery Operator | Grocery Outlet has grown into one of the country’s leading discount grocery chains, operating hundreds of locations nationwide through a value-oriented retail model.
- Consistent Local and Regional Consumer Traffic | The site benefits from a reliable customer base driven by local residents, workforce demand, and regional visitors throughout the year.
Listing Contacts
Listed by SURMOUNT
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$156,592.00
$13,049.33/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
