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Raley’s Supermarkets, Oakdale, CA

Raley’s Supermarkets

CA, United States

Price $9,525,000
Cap Rate
NOI
Lease Term 6 Years Remaining
Lease Type Net, with Tenant Responsible for All Insurance Utilities, Taxes, and Maintenance, Excluding Roof and Structure
Rental Increases 10% Rental Increases Every 5 Years
Year Built 2001
Building Size 45,337 SF
Lot Size 4.42 Acres (192,535 SF)
Status Sold
Lead Broker Information Vince Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NET LEASE TO STRONG CORPORATE TENANT
» Net lease provides ideal low-management investment for an out-of-area investor
» Raley’s is a dominant grocery chain, with over 124 locations throughout Northern California and Nevada
» Raley’s is ranked the 135th largest American private company, with over $3.2 billion in annual revenue

STRONG OPERATING HISTORY AND SALES VOLUME
» Raley’s has operated successfully in the Oakdale submarket since 2008 and exercised their first option, demonstrating a long-term commitment to this location
» Excellent sales volume of over $18 million annually

BUSY LOCATION IN POPULAR RETAIL CENTER
» Located at a hard corner, signalized intersection, with 32,644 vehicles per day in front of the site
» Anchor to large shopping center featuring CVS Pharmacy, Big 5 Sporting Goods, Tractor Supply Company, and others

CENTRAL LOCATION NEAR MAJOR RETAIL CENTERS
» Property is centrally located just one mile from downtown Oakdale
» Directly across from Kmart-anchored shopping center
» Tenants in the immediate area include Payless, Rite Aid, Aaron’s, and Dollar Tree

Click Here to Download Offering Memorandum


Property Description

SOLD

The property is located at the signalized hard corner of East F Street and North Maag Avenue, with excellent visibility and access to 32,644 vehicles per day. The property is located within a popular multi-tenant shopping center with major national tenants, including CVS Pharmacy, Big 5 Sporting Goods, and Tractor Supply Company. The property is next to several other major retail centers; tenants in the immediate area include Kmart, Aaron’s, Payless Shoe Source, and Rite Aid. The site is centrally located just one mile from downtown Oakdale. In addition to the retail area surrounding the site, the property also benefits from its close proximity to multiple residential neighborhoods, which are served by Raley’s.

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