18657 Oak Mdw DrHidden Valley Lake, CA 95467

  • Retail properties
  • 18,000 SF
For Sale
$5,200,000 View listing

Property Details for 18657 Oak Mdw Dr

Year built
2022
Property size (Sq ft)
18,000 SF
Property type
Retail properties
Property subtype
Lifestyle 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.

18657 Oak Mdw Dr, Hidden Valley Lake, California

Location Insight

City
Hidden Valley Lake
County
Lake
State
California
Latitude
38.7921
Longitude
-122.564

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