Grocery Outlet | New 10yr Corp NN | S&P: B+ 27315 N Bay Rd

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Grocery Outlet investment property located in Blue Jay, California (Lake Arrowhead). The tenant, Grocery Outlet, Inc recently signed a brand new 10 year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NN with landlord responsibilities limited to roof, structure, parking lot, and foundation making it an ideal, low-management investment opportunity for a passive investor. The property is undergoing a new remodel that will include a state-of-the-art design with high-quality materials. Furthermore, the roof has a brand new 10-year warranty that was put in place. The company has nearly 450 locations throughout California, Idaho, Maryland, New Jersey, Nevada, Oregon, Pennsylvania, and Washington.