Grocery Outlet | Lease Extension | Corporate 3160 Buchanan Rd

NNN Retail Group is pleased to present the exclusive listing for Grocery Outlet located at 3160 Buchanan Road, Antioch, California. The Grocery Outlet (NASDAQ: GO) is a NN corporate guaranteed fee simple lease. The only landlord responsibilities are limited to roof and structure, making it an ideal, low-management investment opportunity for a passive investor. The property was built in 2015 and the original lease expired at the end of 2025, but the tenant extended the lease early and now the lease has 6 years remaining with 4, 5 year options with 10% rent increases every 5 years. Grocery Outlet is strategically located near the signalized intersection of Buchanan Road & Somerville Road (Combined 36,000 VPD). This is one of the main retail corridors in Antioch near the Somersville Towne Center which is a 500,000 square foot mail. The Grocery Outlet is surrounded by dense residential properties including both a 205 unit apartment and a 80 unit apartment across the street as well as a 217 unit mobile home park.
Antioch is the third-largest city in Contra Costa County, California. Located in the East Bay region of the San Francisco Bay Area, it is a suburb of San Francisco and Oakland. Antioch is the Gateway to the Delta, located on the banks of the San Joaquin River in Northern California. Just off of Highway 4, in Contra Costa County. With a population of over 100,000 people, Antioch has become the heart of Eastern Contra Costa County, offering a variety of employment, shopping and vast recreational activities. Antioch has strong population growth and as a result, the city added a BART station in 2018 which help people more quickly and comfortably make the commute while at the same time take cars off the roads. The station helps to continue to grow demand in the area as people will be able to find affordable housing in the area and be able to conveniently commute to the job centers in San Francisco and Oakland.
Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer deeply discounted, overstocked, and closeout products from name brand and private label suppliers. Grocery Outlet has more than 490 stores in nine states and was founded in 1946 and is headquartered in Emeryville, California. Grocery Outlet is a high-growth, extreme value retailer of quality, name-brand consumables and fresh products sold through a network of independently operated stores. Grocery Outlet’s differentiated model for buying and selling drives us to “WOW!” our customers every day, generating customer excitement, inspiring loyalty and supporting profitable sales growth. In 2024, Grocery Outlet launched its IPO on the Nasdaq Global Select Network. Grocery Outlet (GO) boasts a Market Cap of $1.94 Billion and a revenue of $4.26 Billion for the trailing twelve months.