37505 State Highway 299 E - Supermarket FOR SALE


Burney, CA 96013
$7,500,000 USD
916-724-1400
37505 State Highway 299 E, Burney, CA for Sale
$7,500,000 USD
Supermarket - FOR SALE
1/10
null | 6.16% Cap Rate

37505 State Highway 299 E
Burney, CA 96013


HIGHLIGHTS

  • 10+ Year NNN Lease with 4-Five Year Option Periods (Ideal for Out-of-Area Investor)
  • 10% Rental Increases Every 5-Years (7.92% Average Cap Rate Over Life of Lease)
  • Tenant Responsible for All Expenses Excluding Structure Portions of the Premises (Tenant Responsible for Roof Excluding Structural Portions)
  • High-Visibility Location Along State Highway 299/Main Street, a Major East/West California Thoroughfare Connecting Five Counties
  • Grocery Outlet (Nasdaq: GO) has 529+ Independently Operated Stores in the U.S. with 18 New Stores Added in 2024
  • Only Grocery Outlet Location Within a One-Hour Drive of the Property

OVERVIEW

The property enjoys a prime location on Main Street, a highly visible site within Burney’s most prominent corridor, with exposure to approximately 5,550 vehicles passing by daily. Positioned along State Highway 299, a vital east-west route in California, the highway connects five counties—Humboldt, Trinity, Shasta, Lassen, and Modoc. The property's visibility is further enhanced by its proximity to Burney Junior- Senior High School and Burney Elementary School, which together serve a combined enrollment of 580 students and are located within one mile. With a continued population growth within a five-mile radius over the next five years, the property is well-positioned to thrive alongside the area's development. Centrally situated in Burney, the property is close to key community amenities and popular recreational destinations. It lies just two miles from Pit River Casino, Burney’s main tourist attraction, which features a 9,000-square-foot casino, 150 slot machines, the River Rock Grill, and extensive RV parking. Located within Burney’s primary retail hub, the property is surrounded by a strong mix of local and regional businesses, alongside national brands such as McDonald’s, Safeway, NAPA Auto Parts, Subway, Chevron, Les Schwab Tires, and Dollar General. Additionally, the property is within a one-and-a-half-mile radius of several hotels and lodges, serving as a key shopping destination with the presence of Grocery Outlet—the only location of its kind within a one-hour drive. Burney, California, is a charming small town nestled in the scenic landscapes of Shasta County. Known for its friendly community and breathtaking natural beauty, Burney offers a tranquil retreat for residents and visitors alike. The town is most famous for its proximity to Burney Falls, often called the "Eighth Wonder of the World." Located in McArthur-Burney Falls Memorial State Park, these stunning waterfalls draw outdoor enthusiasts year-round and serve as a centerpiece for hiking, camping, and picnicking. Surrounded by dense forests and a network of pristine lakes and rivers, Burney is a paradise for nature lovers and adventure seekers. Fishing, boating, and kayaking opportunities abound, with Hat Creek and Lake Britton being popular spots. Burney also offers a cozy small-town atmosphere. Its downtown area features locally owned shops, restaurants, and cafes that reflect the warmth and charm of the community.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$375 USD /SF

CAP RATE

6.16%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

86

LAND DETAILS

LAND ACRES

2.01 AC

LAND SF

87,556 SF

ZONING

TL

APN/PARCEL ID

028-370-024-000

ASK ABOUT THIS PROPERTY

Edward NelsonMarcus & Millichap Real Estate Investment ServicesMore Info
916-724-1400

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

Edward NelsonMarcus & Millichap Real Estate Investment ServicesMore Info
916-724-1400

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