Grocery Outlet 980 S Main St 26,750 SF Retail Building Colville, WA 99114 $6,129,120 CAD ($229.13 CAD/SF) 7% Cap Rate

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a corporate guaranteed (NASDAQ: GO), Grocery Outlet investment property located in Colville, Washington. The tenant, Grocery Outlet, Inc., has approximately 7-years remaining on its lease with 4 (5-year) options to extend. The lease features 10% rental increases every 5-years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation. Grocery Outlet is a high-growth, value retailer of quality, name-brand consumables and fresh products sold through a network of more than 540 independently operated stores across 16 states, including approximately 80 locations throughout Washington State. The offering also includes an additional 4,174 square feet of vacant space.