Grocery Outlet | Riverbank, CA
New 15-Year Net Lease | Prime Visibility on Signalized Corner
Marketing description
Cushman & Wakefield is pleased to present an exceptional investment opportunity: a brand-new 2026 Grocery Outlet location in Riverbank, California. This 16,000-square-foot property features a 15-year net lease to Grocery Outlet Inc., a publicly traded company (NASDAQ: "GO") with over 520 locations nationwide and a market cap exceeding $1.5 billion as of 2025.
The property is strategically positioned at the signalized intersection of Patterson Road and Estelle Avenue, offering high visibility and direct access from State Route 108, which generates 26,000 average annual daily trips (AADT). As a co-anchor tenant in a multi-tenant retail center, the site benefits from significant crossover retail opportunities and proximity to the Riverbank Crossroads shopping center, which attracts over 8 million visitors annually.
Riverbank's strong demographic profile includes 132,864 residents within five miles and an average annual household income of $131,214 within three miles. The property's central location between San Francisco, San Jose, and Sacramento provides ideal access to long-distance Bay Area commuters, positioning this Grocery Outlet for sustained growth and profitability.
With 10% rental increases every five years, a corporate-backed lease, and a starting cap rate of 5.75%, this investment offers exceptional security and upside potential for discerning investors.
Investment highlights
- 15-year net lease to Grocery Outlet, with over 520 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.
- Grocery Outlet plans to open approximately 30-35 net new stores in 2026.
- High-visibility and easily accessible location at the signalized intersection of Patterson Road and Estelle Avenue.
- Direct visibility and access from State Route 108, allowing the site to capture significant commuter traffic (26,000 AADT).
- Property serves as a high-traffic co-anchor tenant in a multi-tenant retail center, allowing the site to maximize on potential crossover retail opportunities.
- Located two miles north of the Riverbank Crossroads shopping center (anchored by Target), which welcomes over 8 million visitors annually, and Crossroads West, a new retail development anchored by Costco.
- 132,864 residents live within five miles of the property, a 9.2% increase since 2010.
- Excellent average annual household income of $131,214 within a three-mile radius of the property.
- Projected income increases within 1-, 3-, and 5-mile radii over the next five years poise this Grocery Outlet and Riverbank for steady concurrent growth.
- Centrally located between San Francisco, San Jose, and Sacramento, giving this Grocery Outlet ideal access to long-distance bay area commuters.
- Brand new 2026 construction built to the latest Grocery Outlet prototype.
- Property is located on a large 1.92-acre parcel to ensure ease of ingress and egress.
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