Language and Region
Currency

This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.

Email*

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Send me a copy

928 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Grocery Outlet | 8+yrs Remain Corp 980 S Main St

26,750 SF Retail Building Colville, WA 99114 $4,659,000 ($174/SF) 6.50% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

8+ Years Remaining | Options To Extend | Scheduled Increases | Corporate Guaranteed | Well Known & Established Brand
Strong Demographics In 5-Mile Trade Area | Colville National Forest

Excellent Visibility & Access | Nearby National/Credit Tenants |S. Main Street (12,500 VPD) | Direct Consumer Base

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a corporate guaranteed, Grocery Outlet investment property located in Colville, Washington. The tenant, Grocery Outlet, Inc has over 8 years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10.4% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. Grocery Outlet is a high-growth, extreme value retailer of quality, with name-brand consumables and fresh products sold through a network of 480+ independently operated stores, 74 of which are located in Washington. The offering also includes an additional 4,174 square feet of vacant space.