2429 NW Highway 101 - Supermarket FOR SALE


Lincoln City, OR 97367
$6,500,000 USD
949-557-5012
2429 NW Highway 101, Lincoln City, OR for Sale
$6,500,000 USD
Supermarket - FOR SALE
1/17
null | 6% Cap Rate

2429 NW Highway 101
Lincoln City, OR 97367


HIGHLIGHTS

  • Prime Coastal Location, Strong National Tenancy, and Long-Term Lease
  • Corporate-Guaranteed Lease (NASDAQ: GO): Grocery Outlet operating over 530 stores nationwide and projected $4.7 in revenue
  • 15-Year NNN Lease: (5) Five-year renewal options are available, each with an 8.5% rent increase every five years
  • High Barriers to Entry: Situated in a supply-constrained infill trade area with limited land for future development
  • Tourism Hub: Over 30 million visitors annually to the Oregon Coast, ensuring strong foot traffic and consumer spending in the region.
  • Debt-Free Offering: Delivered free-and-clear, ideal for an all-cash purchase or the opportunity to secure new financing

OVERVIEW

Kidder Mathews is pleased to present the exclusive opportunity to acquire a newly open, single-tenant, NNN-leased Grocery Outlet property in Lincoln City. Located at 2429 NW US 101, this investment features a 15-year corporate-guaranteed lease with five (5) five year renewal options and 8.5% rent increases every five years, ensuring long-term income stability with minimal landlord responsibilities. Grocery Outlet (NASDAQ: GO) is a publicly traded company that has over 530 locations across 16 states. The company has updated its sales forecast for the year to $4.7 billion to $4.8 billion, reflecting powerful performance. The company is expanding rapidly, with plans to open between 33 and 35 new stores soon. Grocery Outlet remains a significant player in the budget grocery sector, attracting ongoing institutional investment. The brand's unique business model and NNN lease structure attract 1031 exchange investors and passive investors looking for steady income, securing its market position. This ±14,855-square-foot standalone property encompasses approximately 0.9 acres of land in Lincoln City, Oregon. This property offers an excellent location in a busy business district, situated at a high-visibility, signalized intersection of US 101 (Oregon Coast Highway) and 25th Street. Lincoln City's main business corridor, US 101, is a major commercial artery and a vital tourist route. US 101's presence along the Oregon Coast eases traffic congestion, benefiting Lincoln City's thriving tourism industry. The Oregon Coast is a popular Pacific Northwest travel destination, attracting over 30 million tourists annually. This property features a strong retail presence, anchored by well-known brands such as Safeway, Walgreens, Rite Aid, Starbucks, Wells Fargo, McDonald's, and Chevron, ensuring consistent customer traffic. Grocery Outlet's central location in Lincoln City's business and residential district provides easy access to a loyal customer base. Conveniently positioned along the US 101 freeway, the property enjoys excellent regional connectivity and is within a short driving distance of major metropolitan hubs: • ±2.1 hours to Portland • ±2.5 hours to Eugene • ±1.1 hours to Salem With its prime coastal location, strong national tenancy, and long-term lease security, this Grocery Outlet property presents a compelling investment opportunity in a highly desirable market.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$438 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grocery Outlet

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding, Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

43

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

G-C

APN/PARCEL ID

R478970

ASK ABOUT THIS PROPERTY

Fouy LyKidder MathewsMore Info
949-557-5012

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Fouy LyKidder MathewsMore Info
949-557-5012

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.