Recently Closed - Better Buy Discount Groceries
This NNN leased discount grocery store is on a new 10-year lease with a 10% increase after 5 years. It is located in Oroville's main retail trade area among many high traffic national retailers. The tenant is a popular discount grocer with over 18 years of operating history in the Oroville community. The store opened on July 1st to great initial sales.
Price:
$1,535,000
Cap Rate:
7.35%
NOI:
$112,800
Category:
Single Tenant Retail
Location:
Oroville, CA
Building Size (SF):
9,400
Lot Size (Acres)
1.25
Built:
1995
Contact Agent:
Brandon Norton
(925) 286-5049
brandon@monarchcommercial.comCA DRE# 01985777
ADRE #BR710308000
Highlight
Prime location along Highway 70, boasting a traffic flow of 32,000 vehicles per day. Nearby retail includes Ross Dress for Less, Harbor Freight Tools, Dutch Bros, Maverick, Smart & Final, McDonald’s, Chipotle, Wendy’s, etc.
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