SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a multi-tenant, NNN leased, grocery anchored investment property located in San Gabriel, California (Los Angeles MSA). The 1.86-acre site is occupied by Grocery Outlet Bargain Market, Bank of America, and Wingstop. Grocery Outlet has approximately 12 years remaining in their primary term, occupies 84% of the GLA, and constitutes 69% of the base rent revenue. All leases feature rental increases throughout the initial term and option periods, growing NOI and hedging against inflation. Additionally, all tenants operate under NNN leases, limiting expense leakage for a new investor. The property underwent a complete remodel in 2017 that features numerous of improvements including a brand-new roof for Grocery Outlet (20-year transferable warranty), new mechanical systems, new electrical service, new underground stormwater system, and renovated parking throughout including all new parking in front of the shops space.

The subject property is strategically located at the signalized, hard corner intersection of Rosemead Boulevard and Huntington Drive, averaging a combined 71,800 vehicles passing by daily. The site is located less than 1.5 miles south of direct on/off ramp access to Interstate 210 (285,000 VPD), a heavily traveled commuter freeway serving the greater Los Angeles MSA and Inland Empire. Additionally, the property is located 1 mile west of Westfield Santa Anita, a 1.48 million SF regional shopping mall anchored by Nordstrom, Macy’s, and AMC Theatres. Westfield Santa Anita is the trade area’s premier shopping destination featuring over 200 retail, dining, and entertainment options. Other nearby shopping centers include Hastings Village Center (271,300 SF), Hastings Ranch Plaza (273,000 SF), and Arcadia Hub Shopping Center (352,000 SF), significantly increasing consumer draw to the immediate trade area and promoting crossover retail exposure for the asset. Furthermore, the asset is 1.5 miles west of Santa Anita Park, a 320-acre historic horse racing track that can host over 75,000 attendees. Santa Anita Park is home to some of the most prominent horse racing events in the United States including the Breeders’ Cup World Championships. Moreover, surrounded by nearby residential neighborhoods, the subject property is poised to take advantage of the large potential consumer base in the area. The 5-mile trade area is supported by a dense population of more than 552,300 residents and 254,300 employees with an affluent average household income of over $111,100.