Gelson's Market - Carlsbad, CA

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Pricing and Location


Price:   $19,903,304

Address:   7660 El Camino Real Carlsbad, CA 92009

Status:   Available

Property Details


CAP Rate: 5.75%
Net Rentable Area: 50,689 Price Per Sqft: $442
Lot Size (Acres): 6.4 NOI: $1,144,440

Marketing Materials


Property Description


Gelson’s Market located at 7660 El Camino Real in Carlsbad, California. The property is roughly 50,689 square feet and is situated on approximately 6.40 acres of land.

This Gelson’s Market is subject to a 20-year triple-net (NNN) lease with 18 years remaining. Current annual rent is $1,144,440. The rent is subject to two percent annual rental increases throughout the initial term including the two, ten year tenant renewal options. Gelson’s took over the operation of the site from Haggen’s in 2015.

Gelson's was founded in 1951 by brothers Bernard and Eugene Gelson as an extraordinary grocery shopping experience for discerning consumers. Gelson's Markets is recognized as one of the nation's premier supermarket chains. Each location is singularly known as the area's best market for superior produce, highest quality meat, seafood and deli, an unmatched selection of wine and liquor, and exceptional service. The mission statement for Gelson’s is to make shopping anywhere else unacceptable for consumers who value quality products, cleanliness, convenience, and personal service.

Area Map and Street View


What Clients Are Saying                                     
 

"I want to thank for your part in helping us achieve our sale leaseback goals for 2009. We are pleased with the balance you helped us achieve between sales price, rent and overall cap rate. I would not hesitate to recommend you and your firm to other potential clients. Feel free to use me as a reference."
Joe Cirelli/The Pep Boys Manny, Moe & Jack

Contact Us

NNN Deal
in association with Marcus & Millichap

16830 Ventura Blvd. Suite 100
Encino, CA 91436

Lior Regenstreif
First Vice President, Investments
Senior Director, National Retail Group
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.


Rebekah Zweiban Wallack

Senior Research Analyst
Special Projects Coordinator
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Toll Free: 888.NNN.DEAL
Phone: 818.907.9525
Fax: 818.907.8557