Smart & Final — Sale in Delano, CA
- Price: $5.3M
- Listing type: For sale
- Asset type: Retail Property
- Location: Delano, CA 93215
- Size: 33,200 SF
Photos
Investment Figures
- Cap rate
- 6.00%
- Price per square foot
- $160
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
KW Commercial is pleased to present for sale the high-performing single-tenant Smart & Final Supermarket located at 1700 High Street in Delano, CA. Smart & Final purchased the property in October of 2013, signed a new 20 Year NNN lease via a sale-leaseback structure in 2014, and completely remodeled the interior and exterior of the store prior to opening for business. The property is leased by Smart & Final Stores LLC on a corporate-guaranteed triple-net lease. This property has served as a grocery store (formerly Save Mart Supermarket) in the Delano community for over 40 years, reflecting the strength and success of this location. The asset offers investors the opportunity to acquire a successful grocery chain on a long-term lease with below-market rent and zero landlord responsibilities. Per Placer.ai, this store ranks 11/251 and is in the 96th percentile of all Smart & Final stores nationwide. The nearest Smart & Final locations are in Bakersfield (~37 miles away) and Porterville (~29 miles away). Smart & Final is the anchor tenant of Delano Village Shopping Center and occupies 33,200 SF of GLA. Additional tenants within the shopping center include Starbucks, O’Reilly Auto Parts, Citizens Business Bank, and AT&T. Delano Village is located just off Highway 99, the major highway connecting Sacramento to Bakersfield. For a Smart & Final store in a shopping center with about nine years left on the lease, the cap rate typically falls between 5.0 and 5.5 percent if the lease is strong and in a prime location. In recent years, similar deals have been around 5.4 to 6.0 percent lf the lease terms are weaker or the market is less ideal, the cap rate could rise above 6 percent. Building SF: 33200 | Land Size: 3.37 Ac | Listing Type: FOR SALE
Market Context
This retail in Delano, CA is listed for sale at $5,325,000 across 33,200 SF. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Delano, CA — view the full market.
Contact the listing broker
This listing comes from the KW Commercial website. CREhunt does not pass messages to the broker. Contact the broker directly.
- Gary Aminoff · +13103876900 · gaminoff@kwcommercial.com
Questions to ask the broker
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- What is the current zoning, and does it allow my intended use?
- How many parking spaces come with the property?
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