GS Foods Group | NNN Lease
435 Southgate Court, Chico, CA 95928
Property Description
Price: $9,071,000
Price Per/SF: $171.19
Land Area: ±3.78 Acres
Cap Rate: 7.00%
Gross Leasable Area: ±52,989 Square Feet
Year Built: 2004
Investment Highlights
GS Foods Group: A Highly Reputable, B-Rated Industrial Tenant With Distribution Centers in 10 States
Brand New Lease: GS Foods Group Recently Signed a Six-Year Lease with 3% Annual Increases
Capital Improvements: Brand-New Roof to be Installed with a 20-Year Warranty
High Credit Tenant
- Strong Corporate Guarantee: Backed by a Tenant with Over $1.5 Billion in Annual Revenue
- Market Leadership: GS Foods Encompasses a Family of the Nation’s Largest School Nutrition Providers to Provide Meals for 8.7 Million Students Per Day.
- E-Commerce & Recession-Resilient: GS Foods Business Model Is Well-Suited to Thrive in Various Economic Conditions
Strong Real Estate Fundamentals
- Highly Desirable Site: The Property Boasts a Large 3.8-Acre Lot, a Key Feature in Today’s Market
- Prime Location: Strategically Positioned Off the State Route 99, Allowing for Easy Access for Delivery Trucks
- Quality Construction: Concrete Tilt-Up with 7 Loading Docks and 2 Drive-In Doors
- Cold Storage Space: Rare Opportunity to Acquire Cold Storage Warehouse with 16,800 SF of Freezer Space and 2,100 SF of Refrigerated Space
- Investor-Friendly: This NNN Industrial Property Offers Minimal Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market
Contact Information
Craig Elster
Senior Director Investments
(949) 419-3223
[email protected]
License: CA 01958307
Ron Duong