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315 Panno Dr
Brawley, CA 92227
Grocery Outlet & Vacant Lot | NewConstruction · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 11+ Years Remaining | Corporate Signed (NASDAQ: GO) |6.33% CAP in 2027 | Value Grocery Store Retailer
- Gateway to Imperial Sand Dunes (Glamis) | Imperial Valley
- Signalized, Hard Corner Intersection | New Construction |Underserved Trade Area For Nationally Branded Grocers
- NNN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
- Across from Walmart Anchored Center | Retail Corridor |Strong National/Credit Tenant Presence
- Nearby Residential Developments (6,000+ Units) |Strong Demographics in 5-Mile Trade Area
EXECUTIVE SUMMARY
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, corporate signed, recently constructed, Grocery Outlet Bargain Market investment property located in Brawley, California (Imperial Valley). The tenant, Grocery Outlet Inc., has approximately 11.5 years remaining with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is signed by the corporate entity (NASDAQ: GO) and is NNN with landlord responsibilities limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor. Based in Emeryville, California, Grocery Outlet is a high-growth, extreme value retailer of quality, name-brand consumables and fresh produce currently operating more than 560 locations nationwide. The building also features state-of-the-art, brand new construction with modern amenities and design.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
16,000 SF
Building Class
B
Year Built
2021
Price
$8,396,545 CAD
Price Per SF
$524.78 CAD
Cap Rate
5.75%
NOI
$482,815 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.23 AC
Zoning
C-2 - Medium Commercial
Parking
55 Spaces (3.44 Spaces per 1,000 SF Leased)
Frontage
1,966’ on Highway 86
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 048-470-002-000 | Improvements Assessment | $4,618,897 CAD |
| Land Assessment | $698,810 CAD | Total Assessment | $5,317,707 CAD |
PROPERTY TAXES
Parcel Number
048-470-002-000
Land Assessment
$698,810 CAD
Improvements Assessment
$4,618,897 CAD
Total Assessment
$5,317,707 CAD
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