Gold Star Foods | Single Tenant NNN

435 Southgate Court, Chico, CA 95928

Property Description

Price: $10,060,000
Price Per/SF: $189.85
Land Area: ±3.78 Acres
Cap Rate: 6.50%
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

Strong Corporate Guarantee: Backed by a Tenant with Over $1.5 Billion in Annual Revenue

High Credit Tenant

  • 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
  • Mission-Critical Location with Truck Repair Facilities On-Site
  • State-of-the-Art Solar Panels Covering the Roof Decrease the Cost of Power for Tenant

Strong Real Estate Fundamentals

  • Cold Storage Space: Rare Opportunity to Acquire Cold Storage Warehouse with 16,800 SF of Freezer Space and 2,100 SF of Refrigerated Space
  • 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
  • Investor-Friendly: This NNN Industrial Property Offers Minimal Landlord Responsibilities, Ideal for Investors Who Are Not Local to the Market

 

Broker of Record: Tony Solomon – License: CA 01238010

Contact Information

Craig Elster
Senior Director Investments
(949) 419-3223
[email protected]
License: CA 01958307

Ron Duong
Ron Duong
Senior Managing Director Investments
(949) 419-3233
[email protected]
License: CA 01438643

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