Grocery Outlet 1523 Fremont Blvd 16,000 SF Retail Building Seaside, CA 93955 $10,364,323 CAD ($647.77 CAD/SF) 5% Cap Rate

1523 Fremont Boulevard presents the opportunity to acquire a net leased retail investment anchored by Grocery Outlet within City Center Shopping Center in Seaside, California. The property consists of a freestanding retail building occupied by Grocery Outlet together with a Tesla Supercharger installation, providing diversified income from nationally recognized tenants. The asset benefits from a long-established grocery use, a visible position within an established neighborhood shopping center, and a location at the signalized intersection of Fremont Boulevard and Broadway Avenue.
The property is situated within Seaside's Cabrillo neighborhood on the Monterey Peninsula, providing convenient access to surrounding residential communities, retail destinations, employment centers, and coastal attractions. Fremont Boulevard serves as a major commercial corridor through Seaside and connects the property to nearby Monterey, Sand City, and regional destinations throughout the peninsula. The surrounding area includes neighborhood retail, restaurants, educational institutions, and established residential development that support daily consumer activity.
Grocery Outlet operates as a publicly traded grocery retailer with a substantial California footprint and a business model centered on value-oriented merchandising. The property's grocery-anchored tenancy provides an essential retail use that serves local residents and visitors throughout the year. The Tesla Supercharger component complements the shopping center by supporting electric vehicle users and increasing customer dwell time within the center.
Additional investment attributes include shared parking, direct frontage along Fremont Boulevard, signalized access, and exposure to traffic counts reported at approximately 25,097 vehicles per day on Fremont Boulevard and 10,958 vehicles per day on Broadway Avenue. The combination of established tenancy, retail visibility, and Monterey Peninsula location positions the property as a long-term retail investment opportunity.