40301 Junction Dr
Oakhurst, CA 93644

Capital Pacific and Ten-X are pleased to present the opportunity to acquire the NNN leased corporate Grocery Outlet Bargain Market in Oakhurst, CA. The Property is a 18,050 SF single-tenant retail asset, built in 1985 and renovated in 2017. It is located on 1.7 acres within Oakhurst’s prime retail thoroughfare. Grocery Outlet, Inc. is operating under a new 15 year lease extension which will commence October 1, 2018. The base lease term is followed by three, 5-year option periods with a 10% rental increase in the first option and Fair Market Rent in the remaining two options. The lease limits Landlord responsibilities to the maintenance, repair, and replacement of the roof and structure, while the Tenant is responsible for utilities, taxes, insurance, and CAM expenses. The Property is strategically located in Oakhurst, CA, where the average household income is over $74,000. Grocery Outlet chose this location based on its demographics and the need for an all-purpose discount grocery store in the market. Grocery Outlet benefits from its location approximately one block north of California’s historic state route 49 (Golden Chain Highway), and 0.5 miles from California state route 41. Both routes provide access to Yosemite National Park, which attracts tourists from around the world and sees over 4 million visitors annually. Grocery Outlet, Inc. is a privately held supermarket chain that operates approximately 280 locations across California, Oregon, Washington, Idaho, Nevada and Pennsylvania. It is family owned and operated, with the majority of locations independently operated by locally based families.