Grocery Outlet | 8+yrs Remain Corp 980 S Main St

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a corporate guaranteed, Grocery Outlet investment property located in Colville, Washington. The tenant, Grocery Outlet, Inc has over 8 years remaining on its lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10.4% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. Grocery Outlet is a high-growth, extreme value retailer of quality, with name-brand consumables and fresh products sold through a network of 480+ independently operated stores, 74 of which are located in Washington. The offering also includes an additional 4,174 square feet of vacant space.