Listed by Hanley Investment Group, Retail California
$8,470,000
Grocery Outlet & Valvoline | Wasco, CA
Details
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 18,500
Net Rentable (SqFt) 18,500
Cap Rate 5.82%
NOI $493,000
Occupancy 100%
Tenancy Multi
Brand/Tenant Valvoline, Grocery Outlet
Year Built 2023
Year Renovated 2025
Acreage 3.150
Ground Lease No
Corporate Grocery Outlet (NASDAQ: GO; S&P: 400) | 15-Year Lease; 12 Years Remaining on Initial Term
Marketing description
Click here for full offering memorandum: https://hanleyinvestmentgroup.com/listings/?id=a0EPg000005ezRh&track=QMXGpgMNBkgYgeZJHF_BoaXpt
Investment highlights
- Brand-New Construction; Two Separate Stand-Alone Buildings
- Corporate Grocery Outlet (NASDAQ: GO; S&P: 400):
- 15-year lease; 12 years remaining on the initial term; 10% increases every 5 years
- Only Grocery Outlet in a 22-mile radius
- Grocery Outlet has 550+ stores across 16 states and reached $4.37 billion in net sales in 2024
- 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
- Corporate Valvoline Inc. (NYSE: VVV):
- New 20-year absolute NNN lease; 10% increases every 5 years
- Valvoline is the second-largest quick lube chain in the United States (2,300+ locations)
- 19 consecutive years of same store sales growth
- Corporate Grocery Outlet (NASDAQ: GO; S&P: 400):
- Wasco is Within the Logistics Hub of Central California and the Entire Western Region:
- Conveniently Accessible to Interstate 5 and State Highways 99, 46, 43, and 58
- Prime Weekend and Commuter Traffic Location Connecting to Paso Robles Along CA-46
- High-Growth Trade Area: 12.74% population growth from 2010 to 2020 within a 3-mile radius; 17.32% increase in households from 2010 to 2020 within a 5-mile radius
- Prime Central Valley Location: California’s Central Valley has one of the world’s largest economies and is located within four hours of 90% of the state’s population. Wasco is a 2-hour drive to Los Angeles and 4 hours to San Diego, Sacramento and Bay Area markets.
Listing Contacts
Listed by Hanley Investment Group, Retail California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$493,000.00
$41,083.33/mo
Valuation Metrics
0
DSCR
5.82%
Cap Rate
5.82%
ROI
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