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DOM: 238 Updated: 11.04.24 Posted: 09.13.24 Status: Active

Summary

Price $10,170,000
Built/Renov 1990/2020
Tenant Vallarta Supermarkets
Cap Rate 5.50%
Lease Type NN+
Guarantor Corporate
Size/SF 59,694
Lease Start 06-06-2020
#Units 55
Price/SF $170.37
Expiration 06-30-2040
Tenant Type Grocery
NOI $559,333
R. Term 15.1
Ownership Fee Simple
Rent/SF $9.37
Increases 10.0%/5/yrs
Pop 5Mi 87,047
Lot/AC 5.19
Options 4/5yrs/10%
AHHI 5Mi $93,329

Lease Highlights

  • Vallarta Supermarkets has 15+ years remaining on the current lease term with 4 (5-year) options to extend
  • The lease features 10% rental increases every 5 years throughout the initial term and option periods
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease

Location Description

Vallarta Supermarkets is strategically located at the signalized, hard orner intersection of Country Club Drive and Clark Street, immediately off the 99 Freeway. The property is surrounded by future development opportunities and prominent national retailers such as dd's Discounts, Goodwill, Harbor Freight, O'Reilly Auto Parts, Carl's Jr., Dutch Bros Coffee, and more. Notably, this location...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Vallarta Supermarkets
  • Guarantor:Corporate
  • Company:Vallarta Supermarkets
  • # Units:55
  • Stock:Private

About Tenant

Vallarta Supermarkets is an American supermarket chain catering to the Latino population of California, offering a variety of fresh produce, meats, and specialty Latino foods. Vallarta is known...


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Listing Broker

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