Smart & Final Extra! 9 Year Absolute NNN | 7.50% Increases
96TH PERCENTILE STORE WITH 7.5% RENT INCREASES
Marketing description
• Approximately 9 Years of Primary Lease Term Remaining
• Absolute NNN Lease Structure with Zero Landlord Obligations
• 7.50% Rent Increases Through Primary Term and Options
• Low In-Place Rent of $9.62 psf
• Smart & Final Stores, LLC Corporate Guaranteed Lease
• Parent Company Chedraui USA / Grupo Comercial Chedraui is Also Parent Company of El Super
• 33,200 SF Building Situated on 3.37 Acres of Land
• Anchor Tenant within Delano Village Neighborhood Shopping Center
• Completely Renovated in 2014 (New 20 Year Lease Signed)
• 96th Percentile Ranking Per Placer.ai (11 out of 256 Stores)
• Building Has Been Occupied by a Grocery Store (Former Save Mart Supermarket) for 40 Years
Investment highlights
The Snyder Carlton Team is pleased to present for sale the high-performing single-tenant Smart & Final Supermarket located at 1700 High Street in Delano, CA. Smart & Final purchased the property in October of 2013, signed a new 20 Year NNN lease via a sale-leaseback structure in 2014, and completely remodeled the interior and exterior of the store prior to opening for business. The property is leased by Smart & Final Stores LLC on a corporate guaranteed triple-net lease. This property has served as a grocery store (formerly Save Mart Supermarket) in the Delano community for over 40 years, reflecting the strength and success of this location. The asset offers investors the opportunity to acquire a successful grocery chain on a long-term lease with below-market rent and zero landlord responsibilities. Per Placer.ai, this store ranks 11/251 and is in the 96th percentile of all Smart & Final stores nationwide. The nearest Smart & Final locations are in Bakersfield (~37 miles away) and Porterville (~29 miles away).
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
