Grocery Outlet case study

Case study

Challenge

Our team was engaged by a buyer completing a 1031 exchange who needed to identify and acquire a suitable replacement property. The assignment was to source an off-market single-tenant retail asset that met the buyer's exchange requirements and close within the constraints of a 1031 timeline.

Action

We focused our search on single-tenant net-leased retail properties with stable tenancy. Working off-market, we identified a Grocery Outlet-occupied building in Oakhurst, California, and negotiated directly with the seller to structure a transaction that aligned with the buyer's exchange timeline and investment criteria.

Result

Sourced an off-market acquisition on behalf of the 1031 buyer
Closed at $3,650,000 ($202 per SF)
18,050 SF single-tenant Grocery Outlet building, built in 1985
Successfully completed the buyer's 1031 exchange

More completed transactions.

Sold $10,950,000

Smart Foodservice Portfolio

Portland, OR

View result

Sold $8,100,000

Walgreens Tumwater

Tumwater, WA

View result

Sold $7,200,000

Lynnwood Retail

Lynnwood, WA

View result

Contact

Discuss a similar assignment

Need context on a comparable sale? Reach out if you want help evaluating a sale, comparing offers, framing a disposition strategy, or understanding how a similar asset may trade today. Tell us what you want to compare against Grocery Outlet or a similar property.