13301 Whittier Blvd. Whittier, CA 90602
- 14,500 Square Feet
- For Sale
We are pleased to offer to qualified investors an opportunity to purchase a new Grocery Outlet located along Whittier Blvd. in the dense City of Whittier, CA. Built on approximately a 21,344 square foot hard corner parcel, comprised with a 14,500 SF building, this absolute triple net ground lease investment provides for a 20-year fixed term (13+ Yrs. remain) with 4 – 5 year option periods and 10% rental bumps every 5 years in the Primary and Option terms. This is a true zero-landlord duty Coupon Clipper Asset and delivered free & clear of any debt. Grocery Outlet includes a strong corporate guarantee and is “One of the Largest Extreme-Value Grocery Retailers in the Nation”. Currently there over 235 stores with plans to expand 30+ within Southern California by the end of 2017. Revenues have grown to $1.7B in 2015, as the store expands into organic and specialty foods throughout their stores. This is a unique opportunity to own a long term absolute NNN property with a strong corporate lease.
Property Status: Priced to Sell - Call for Pricing Guidance
Building Size: 14500 Square Feet
Area Available: 14,500 Square Feet