x
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

x

Grocery Outlet Ephrata, Ephrata, WA

Grocery Outlet Ephrata

Price $6,067,000
Cap Rate 6.00%
NOI $364,000
Lease Term 15 years
Lease Type Net, with tenant responsible for all taxes, insurance, and roof and nonstructural maintenance
Rental Increases 10.5% rental increases every five years
Year Built 2019
Building Size 18,000 SF
Lot Size 2.00 acres (87,120 SF)
Status Available
Lead Broker Information Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

RARE NET LEASE TO STRONG GROCERY TENANT
» Long-term, 15-year lease with four five-year option periods
» Net lease provides ideal passive investment for an out-of-area investor
» 10.5% rental increases every five years, providing a hedge against inflation
» Grocery Outlet (NASDAQ: “GO”) is the nation’s largest extreme value grocery retailer, with more than 320 locations and over $2.29 billion in annual revenue
» Grocery Outlet’s recent IPO raised net proceeds of approximately $399.6 million, about $150 million more than initially expected
» Grocery Outlet is continuing its expansion nationally, with 32 new stores expected to open by year-end 2019

PROMINENT LOCATION IN PRIMARY RETAIL CORRIDOR
» Located on Southwest Basin Street, Ephrata’s primary thoroughfare, with excellent visibility and access to 14,000 vehicles per day
» Conveniently located in Ephrata’s main retail corridor
» Close to major national tenants, including Walmart Supercenter, Safeway, Ace Hardware, AutoZone, Rite Aid, Dollar Tree, and McDonald’s, amongst others
» Near local and regional retailers

CENTRAL LOCATION NEAR COMMUNITY AMENITIES
» Less than a mile from downtown Ephrata
» Near several schools, including Ephrata Middle School (376 students), Parkway School (322 students), and Ephrata High School (713 students)
» Close to Columbia Basin Hospital, a 25-bed critical access hospital with 171 employees
» Surrounded by residential neighborhoods, which will be served by Grocery Outlet

NEW Q4 2019 CONSTRUCTION
» High-quality construction scheduled to be completed in late 2019
» Features latest Grocery Outlet store design and concepts



Property Description

The property is located on Southwest Basin Street, Ephrata’s primary thoroughfare, with excellent visibility and access to 14,000 vehicles per day. The property is conveniently located in Ephrata’s main retail corridor. Several notable national retailers are near the property, including Walmart Supercenter, Safeway, Ace Hardware, AutoZone, Rite Aid, Dollar Tree, and McDonald’s, amongst others. The property is also close to local and regional retailers.

The property is centrally located less than a mile from downtown Ephrata and close to a number of important community amenities. Several schools are located nearby, including Ephrata Middle
School (376 students), Parkway School (322 students), and Ephrata High School (713 students). The property is also a short distance from Columbia Basin Hospital, a 25-bed critical access hospital with 171 employees. Additionally, the property is surrounded by residential neighborhoods, which will be served by Grocery Outlet.

Contact Us About This Property

JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link