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1718 S Main St
Willits, CA 95490

Grocery Outlet · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
39,716 SF
Building Class
B
Year Built/Renovated
1991/2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
2.77 AC
Zoning
C2
Parking
143 Spaces (3.6 Spaces per 1,000 SF Leased)
Frontage
109 ft on S Main St

About 1718 S Main St , Willits, CA 95490

Recently renovated Grocery Outlet located in Willits, California, with excellent visibility of over 18,300 VPD along South Main Street. Grocery outlet has a lease for the entire 39,716 SF building. Their current store occupies an estimated 65% of the gross leasable area and Grocery Outlet does have the option to sublease the vacant portion of the space. Given the low effective rent of an estimated $8/SF on the occupied space, the high volume of the store, and no sub-tenant in the first four years of the lease, Grocery Outlet does not seem eager to sublease the space. The subject property is situated in the Evergreen Village Shopping Center, the largest shopping center in town with a mixture of national and regional tenants, including Rite Aid, Dollar Tree, Goodwill, SUBWAY, and many others. The subject property has excellent visibility and access located along S Main Street, the main road through the town, with over 18,300 VPD. Grocery Outlet is one of the largest “extreme value” grocery retailers in the United States with over $1.6 billion in sales. It is often considered the “T.J. Maxx of food”. Grocery Outlet currently operates 294 stores in California, Idaho, Nevada, Oregon, Pennsylvania, and Washington.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
007-170-18-00
Land Assessment
$1,084,657
Improvements Assessment
$4,376,032
Total Assessment
$5,460,688
  • Listing ID: 11356872

  • Date on Market: 2018-01-24

  • Last Updated:

  • Address: 1718 S Main St, Willits, CA 95490

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