Just Listed | Single Tenant
Absolute NNN | High Performing Grocery Store
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Investment Highlights
- High Performing Grocery Store – Excellent Store Sales and Strong Company Revenues
- Corporate Guarantee from Cardenas Market, LLC. – One of
- the Largest Hispanic-Goods Grocery Companies in the U.S. with over 50 Stores
- Strong Projected Company Growth – Cardenas Markets was
- Recently Acquired by KKR – a Global Investment Firm with over $545 Billion of Total Enterprise Value
- Ideal NNN Investment–Minimal Management Responsibilities
- with an Absolute Net–Lease that Includes Tenant Responsibility for Roof and Structure
- Strong Store Sales – Cardenas is the primary Hispanic grocery store serving the City of Indio
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• Strong Inflation Hedge – Scheduled 10% Rent In Just Over 3 years (3/2021) and Every Subsequent 5 Years Including Options • Established Tenant with Long Term Lease – Store has Operated since 2005 and Tenant Invested Over $5 Million in Tenant Improvements in 2006 • Delivered Free and Clear of Debt – Investors can obtain Attractive New Financing at Historically Low rates to Achieve Attractive Cash Flow • Excellent Frontage and Access on Highway 111 – Average Daily Traffic Exceeds 27,455 Cars/Day with Multiple Driveways including Signalized Entrance • Complimentary Tenant Mix – Cardenas is Shadow Anchored by CVS, Autozone, Jack in the Box, Metro PCS and other Established Businesses • Strong Demographics and Growth – Population has Grown Over 120% Since 2000 and the Current Population Exceeds 168,000 within a 5-mile Radius • Large Parcel with Ample Parking – The 5.6+ Acre Parcel Boasts over 325 Parking Stalls • Ideal Immediate Area Customer Base – Over 71%. Hispanic Population (Cardenas Target Consumer) in a 3-Mile Radius
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