Investment Highlights

LONG-TERM NNN LEASE TO STRONG GROCERY TENANT
» 15-year NNN lease with four (4) five (5)-year option periods
» NNN lease provides an ideal passive investment for an out-of-area investor
» 10% rental increases every five years, providing a hedge against inflation
» Grocery Outlet is the nation’s largest extreme value grocery retailer, with more than 320 locations and over $2.29 billion in annual revenue
» Grocery Outlet is continuing its expansion nationally, with over 30 new stores in 2019

HIGH-VISIBILITY LOCATION ALONG MAJOR CALIFORNIA THOROUGHFARE
» High-visibility location in prominent Burney corridor, with access to 5,400 vehicles per day directly in front of the location
» Located along State Highway 299/Main Street, a major east-west California thoroughfare connecting five counties (Humboldt, Trinity, Shasta, Lassen, and Modoc)
» Within one mile of Burney Junior Senior High School and Burney Elementary School (combined 580 students)
» Projected 18 percent AAHI increase within five miles of the site in the next five years, poising Burney for significant growth

CENTRAL LOCATION NEAR COMMUNITY AMENITIES AND TOURIST ATTRACTIONS
» Two miles from Pit River Casino, a 9,000-SF casino featuring 150 slot machines, the River Rock Grill, and ample RV parking
» Minutes from seven hotels, significantly increasing foot traffic to the location
» Only Grocery Outlet location within a one-hour drive of the property
» Surrounded by a healthy mix of local and regional retailers, as well as several national tenants including McDonald’s, Safeway, NAPA Auto Parts, Subway, Chevron, and more

NEW 2020 CONSTRUCTION
» High-quality, new construction completed in 2020
» Features latest Grocery Outlet store design and concepts

Property Description

SOLD

The property is strategically located on Main Street, a high-visibility site in Burney’s most prominent corridor, with access to 5,400 vehicles per day directly in front of the location. The site is located along State Highway 299, a major east-west California thoroughfare connecting five counties (Humboldt, Trinity, Shasta, Lassen, Modoc). Visibility is increased by the site’s location within one mile of Burney Junior Senior High School and Burney Elementary School (combined 580 students). The property is primed to grow along with the surrounding area, with a projected 18 percent average annual household income increase within five miles of the site in the next five years.

Centrally located in Burney, the property is close to important community amenities and popular recreational areas. The site is two miles from Pit River Casino, Burney’s primary tourist attraction featuring a 9,000-SF casino, 150 slot machines, the River Rock Grill, and ample RV parking. Located in Burney’s primary retail area, the property is surrounded by a healthy mix of local and regional retailers, as well as several national tenants including McDonald’s, Safeway, NAPA Auto Parts, Subway, Chevron, and more. Additionally, the property is surrounded by seven hotels and lodges within a one-and-a-half-mile radius, which will be served by Grocery Outlet. It is also the only Grocery Outlet location within a one-hour drive of the property.