18657 Oak Mdw DrHidden Valley Lake, CA 95467

Property Details for 18657 Oak Mdw Dr

Year built

2022

Property size (Sq ft)

18,000 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a newly constructed (2022), 18,000 square foot Grocery Outlet shopping center located at 18657 Oak Meadow Drive, Hidden Valley Lake, CA 95467. The property boasts a strong 6.00% cap rate and a substantial net operating income (NOI) of $312,000. Secured by a corporate guaranteed NNN lease with a prominent national tenant, Grocery Outlet, the lease has a remaining term of 12.5 years, expiring May 30, 2037, and includes four 5-year renewal options. Rental increases are structured at 10% every five years, providing consistent growth potential. The landlord's responsibilities are limited to roof and structure maintenance, minimizing operational burdens. Situated on approximately 29.04 acres within the Valley Oaks Shopping Center, this property benefits from its strategic location near Clearlake, Cobb Mountain, Middletown, and Mount Saint Helena, capitalizing on the area's growing wine industry, equestrian activities, and agricultural resources. The asking price is $5,200,000, representing a compelling investment with significant long-term value. This is a rare opportunity to acquire a high-performing, low-maintenance asset with a secure, long-term lease.

Location Insight

City

Hidden Valley Lake

County

Lake

State

California

Latitude

38.7921

Longitude

-122.564

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