Listed by Hanley Investment Group
$7,690,000
Smart & Final | Fontana, CA
Details
Property Type Retail
Sub Type Grocery Store
Square Footage 17,640
Net Rentable (SqFt) 17,640
Cap Rate 5.85%
NOI $449,994
Occupancy 100%
Tenancy Single
Brand/Tenant Smart & Final
Lease Type Absolute NNN
Lease Term 25.1
Lease Expiration 06/30/2037
Remaining Term 11.1
Rent Bumps Yes
Lease Options Five (5-Year); 10% at Beg. of first 3 Opt., FMR thereafter
Year Built 2000
Acreage 2.090
Lease Commencement 06/15/2012
Ground Lease No
11+ Years Remaining | Absolute NNN Lease | Excellent Store Sales
Marketing description
CLICK HERE FOR COMPLETE OFFERING MEMORANDUM: https://bit.ly/4o9Zzmn
Investment highlights
- Single-Tenant Absolute NNN Smart & Final with Excellent Sales:
- Over 11 years remaining on an absolute NNN corporate guaranteed lease
- 10% rental increases in July 2027, July 2032, and at the beginning of 3 out of the 5 option periods; FMV thereafter
- Extremely strong sales with low rent-to-sales ratio (contact agent for details)
- Rare absolute NNN lease with zero landlord responsibilities
- Smart & Final currently operates 254 stores across California, Nevada, and Arizona
- In May 2021, Bodega Latina Corp. (Grupo Comercial Chedraui), the owner of Fiesta Mart and El Super chains acquired Smart & Final for $620 million
- Major East/West Thoroughfare (33,200 CPD): Strategically positioned on Foothill Boulevard, a major retail thoroughfare for the city of Fontana
- Excellent Visibility and Frontage: Large monument sign and excellent frontage on Foothill Blvd increases visibility to the subject property
- Nearby National Retailers: Close proximity to national tenants including Walmart, El Super, Stater Bros., Cardenas Market, Bowlero, Superior Grocers, O’Reilly Auto, and more
- Excellent Demographics for Smart & Final: Nearly 375,000 residents in a 5-mile trade area with an average household income of more than $118,600
Listing Contacts
Listed by Hanley Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$449,994.00
$37,499.50/mo
Valuation Metrics
0
DSCR
5.85%
Cap Rate
5.85%
ROI
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