Industrial & Logistics

Save Mart Industrial - SLB

Merced, CA, US

Save Mart Industrial - SLB_Property for Sale

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Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively present an outstanding opportunity for the sale leaseback of a mission-critical industrial building (the “Property”) occupied by The Save Mart Companies (the “Tenant” or the “Company”) located within the Central Valley in Merced, CA. The Central Valley is California's most productive agricultural region and one of the most productive in the world, providing more than half of the fruits, vegetables, and nuts grown in the United States. The Property is being offered as a sale leaseback to The Save Mart Companies (“Save Mart” or “Tenant”), the leading regional grocer in Northern California with over $4 billion in revenue. This is a strategic asset to Save Mart, in part due to its strategic location in the Central Valley region. 

Attributes

Building area gross
249,511 sf
Occupancy
100.00%
Year built
1972

Investment highlights

  • ATTRACTIVE BRAND, SCALE, LONGEVITY AND GEOGRAPHY
  • ABSOLUTE NNN LEASE WITH RENT ESCALATIONS
  • MACROECONOMIC TAILWINDS AFFECTING THE GROCERY INDUSTRY
  • CENTRAL VALLEY LOCATION


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Last updated
Aug 11, 2022