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603 W 12th St 16,000 SF Retail Building Alturas, CA 96101 $8,372,128 CAD ($523.26 CAD/SF)
Investment Highlights
- Building Size: 16,000 SF
- Excellent opportunity for an investor
- Highly visible retail location
- One-story, single-tenant
Executive Summary
The property is offered at an asking price of $6,100,000 under an absolute NNN lease with five years remaining on the primary term and four additional five-year options, generating annual income of $308,000.04 from a single-tenant corporate Grocery Outlet (NASDAQ: GO), a high-performing store that ranks among the top in Northern California for customer satisfaction, operated by a company with approximately 510 locations nationwide, 150 of which are in Northern California, and recognized as the nation’s fastest-growing extreme-value grocery retailer.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,000 SF
Building Class
B
Year Built
2019
Price
$8,372,128 CAD
Price Per SF
$523.26 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
7.51 AC
Opportunity Zone
Yes
Zoning
Commercial8078 – C - General Commercial
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 001-090-049-000 | Improvements Assessment | $0 CAD |
| Land Assessment | $19,337 CAD | Total Assessment | $19,337 CAD |
Property Taxes
Parcel Number
001-090-049-000
Land Assessment
$19,337 CAD
Improvements Assessment
$0 CAD
Total Assessment
$19,337 CAD
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603 W 12th St
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