grocery outlet rare corporate lease gateway to yosemite Click for Map [ ] Junction Drive, Oakhurst, CA 93644

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1 grocery outlet rare corporate lease gateway to yosemite Junction Drive, Oakhurst, CA Click for Map [ ]

2 investment highlights The subject property is a rare well-positioned corporate Grocery Outlet located in Oakhurst, CA PRICE: $3,500,000 CAP: 6.29% Rentable SF...18,050 SF Price per SF...$ Current Rent... $12.19/SF Location highlights The subject property is strategically located in Oakhurst, CA, where the average household income is over $68,000. Grocery Outlet chose this location based on its demographics and the need for an all-purpose discount grocery store in the market. Ideal retail synergy between regional/local tenants and Grocery Outlet. The property is located one block from California s historic state route 49 and 15 miles from Yosemite National Park, which attracts tourists from around the world. Lease Highlights Landlord is responsible for roof, structure, and underground utilities. Tenant is responsible for utilities, taxes, insurance, and CAM expenses. Strong Corporate Tenant Grocery Outlet, one of largest extreme value grocery retailers in the United States with over $1.5B in sales, will now provide a desirable discount grocery alternative in Oakhurst. Grocery Outlet currently operates 260+ stores in California, Oregon, Washington, Idaho, Nevada, and Pennsylvania, with plans to expand with aggressive growth plans for the foreseeable future. Grocery Outlet refers to themselves as an extreme value grocery retailer and others have said they are the TJ Maxx of food. This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. Listing Team Contact Info RICK SANNER rsanner@capitalpacific.com (415) CA BRE# aaron susman asusman@capitalpacific.com (415) CA BRE# Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team. grocery outlet 2

3 aerial oakhurst is the last city people encounter before reaching world famous Yosemite 41 SAN FRANCISCO yosemite BEST DEAL TIRE AND WHEEL SUPERNAW S BAR-B-Q SLIM S KOFFEE SHAK OAK ROOM DIVAS & DUDES APPAREL BEAR PAW QUILTS & MORE YOSEMITE SIERRA INN 49 ARTIFACTS WONDERFUL TREASURES 13,3 YOSEMITE SOUTHGATE HOTEL AND SUITES GIFT GULCH ROCK SHOP 00 D AIL Y GOOD OF THINGS Dri ve SULLIVAN S TIRE PROS 41 Ju nc tio n SWEET DREAMS CAKERY MET CINEMA SUNNY NAILS AND SPA OKA JAPANESE SOUTH GATE BREWING COMPANY YOSEMITE WINE TAILS CRABCAKES RESTAURANT OAKHURST FEED & PET SUPPLIES FASHION 41 Bass Lake Elementary OAKHURST OFFICE OUTLET SIERRA SEAFOOD SPECIALTIES Oakhurst Elementary PETE S PLACE Oak Mill Village VINTAGE CHIC TAQUERIA PLAZUELAS SIERRA STAR PHYSICAL THERAPY High School Road STEVE S PET SHOP Yosemite High School Cran e Va lley Yosemite Adult School Roa d 41 grocery outlet 3 This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies.

4 income & expense PRICE $3,500,000 Price Per Square Foot: $ Capitalization Rate: 6.29% Total Rentable Area (SF): 18,050 Lot Size (AC): 1.70 STABILIZED INCOME Per Square Foot Scheduled Rent $12.19 $220,000 Effective Gross Income $12.19 $220,000 LESS Per Square Foot Taxes NNN $0.00 Insurance NNN $0.00 Total Operating Expenses 1 NNN $0.00 EQUALS NET OPERATING INCOME $220, Landlord is responsible for roof, structure, and underground utilities. This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. grocery outlet 4

5 rent roll TENANT INFO LEASE TERMS RENT SUMMARY Tenant Name Sq. Ft. Term Current Rent Monthly Rent Yearly Rent Monthly Rent/FT Yearly Rent/FT Grocery Outlet 18,050 09/26/13 09/30/23 $220,000 $18,333 $220,000 $1.02 $12.19 Option 1 08/01/23 09/30/28 $20,167 $242,000 $1.12 $13.41 Option 2 08/01/28 09/30/33 $22,183 $266,200 $1.23 $14.75 Option 3 08/01/33 09/30/38 $24,402 $292,820 $1.35 $16.22 Option 4 08/01/38 09/30/43 $26,842 $322,102 $1.49 $17.84 Totals: 18,050 $220,000 $18,333 $220,000 $1.02 $12.19 *Rents in Options Three (3) and Four (4) shall be determined based upon Fair Market Rent. Call broker for details. This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. grocery outlet 5 [ REPRESENTATIVE PHOTO ]

6 site plan Site Plan Key Parcel outline: Rentable Area: 18,050 sf Ingress/Egress: Junction Drive THE CAT S MEOW GOT HAIR? SALON This site plan is a rendering that has been created based on sources we believe to be reliable, however we make no representations or warranties, expressed or implied, as to the accuracy of the rendering. Buyer must verify the information and bears all risk for any inaccuracies. grocery outlet 6

7 tenant overview About Grocery Outlet Grocery Outlet, Inc. is a supermarket chain that focuses on discount, overstocked, and closeout products from both name brand and private label suppliers, offered at up to 60% less than conventional retail prices. The company s stores also carry food staples such as fresh meat, dairy, and bread. With its corporate headquarters in Emeryville, CA, Grocery Outlet operates 260+ locations in California, Oregon, Washington, Idaho, Nevada, and Pennsylvania. The chain is planning to expand in its current markets as well as along the East Coast, with at least 70 new locations projected over the next four years. The chain has yielded rich dividends, with annual sales growing from just over $500 million in 2000 to over $1.5 billion in SALES $1.5 BILLION locations 230+ ANNUAL REVENUE $1 BILLION This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. grocery outlet 7

8 demographics & map grocery outlet location Oakhurst is a mountain community located along the Fresno River and is considered the Gateway to Yosemite, as it is the last city visitors encounter before reaching the main entrance to the world famous park. Oakhurst is home to numerous other world famous destinations, such as Bass Lake, the Sierra National Forest, and Nelder Grove of Giant Sequoias. Oakhurst is part of the Madera metropolitan statistical area and is located approximately 35 miles to the northeast of Fresno. Population 1-Mile 3-Mile 5-Mile ,854 10, ,054 10, ,018 6,256 10,870 regional map 2016 Household incomes 1-Mile 3-Mile 5-Mile san francisco bay area oakhurst Average $60,049 $63,974 $68,046 Median $42,652 $44,322 $46,612 3 h 10 MIN 194 MILES Top Employers in madera county Children s Hospital Central CA State of California Madera Unified School District County of Madera This information has been secured from sources we believe to be reliable but we make no representations or warranties, expressed or implied, as to the accuracy of the information. Buyer must verify the information and bears all risk for any inaccuracies. grocery outlet 8

9 A unique HUMAN RESULTS-DRIVEN client experience The capital pacific experience - our daily commitment to our clients [ ] rick Sanner rsanner@capitalpacific.com (415) CA BRE# aaron Susman asusman@capitalpacific.com (415) CA BRE# Capital Pacific collaborates. Click Here to meet the rest of our San Francisco team. chris kostanecki chris peters dave lucas zandy smith jack navarra zeb ripple john andreini joe caccamo gregg steele karla zens [ Copyright 2017 Capital Pacific ]