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.