Rare Single-Tenant Absolute NNN Grocery Asset

Highlights:

• Essential Daily Needs Retailer FoodMaxx serves as a critical provider of affordable groceries, fresh produce, meat, dairy, and household necessities to the surrounding community. Grocery stores remain among the most resilient retail asset classes due to their necessity-based nature and recurring customer traffic patterns.
• Absolute NNN Lease – Zero Landlord Responsibilities The tenant is responsible for all expenses, including property taxes, insurance, utilities, HVAC, CAM, roof, structure, and parking—offering a true passive investment.
• Fee Simple Ownership with Depreciation Benefits Investors benefit from fee simple ownership and the ability to depreciate improvements, enhancing after-tax cash flow.
• Retail Synergy in Deer Valley Plaza The property is part of a well-established shopping center with national co-tenants including McDonald’s, Chase Bank, Taco Bell, Western Dental, dd’s Discounts, Subway, Starbucks and multiple daily needs tenants, driving consistent foot traffic and cross-shopping.
• Ideal 1031 Exchange Opportunity With a corporate-backed lease, strong NOI growth, and zero management, this asset is a perfect fit for investors seeking a stable, long-term, cash-flowing 1031 exchange replacement.

Description:

Rare Single-Tenant Absolute NNN Grocery Asset
This investment offer includes a ±61,005 SF single-tenant FoodMaxx grocery store on a ±6.06-acre parcel, operating under an absolute NNN lease with zero landlord responsibilities. Located in the heart of Antioch, the site is ideally located across the street from Deer Valley High School (1,800+ students) and Hill Top Christian School.

Prime Infill East Bay Area Location
FoodMaxx is located in a dense commercial area surrounded by rooftops, shops, parks, and schools. Nearby national tenants include Walmart Supercenter, Planet Fitness, 7-Eleven, City Sports Club and more. The property benefits from 43,396 cars per day at the intersection of Lone Tree Way and Deer Valley Road.

Corporate Lease with Save Mart Companies
FoodMaxx is operated by The Save Mart Companies, one of the largest regional grocery operators on the West Coast. The company operates more than 200 grocery locations under the Save Mart, Lucky, FoodMaxx, Roth’s, and Chuck’s Fresh Markets banners throughout California, Nevada, Oregon, and Washington.

Strong Parent Company: The Jim Pattison Group
The Save Mart Companies is owned by The Jim Pattison Group, one of North America’s largest privately held companies. The organization generates approximately $19 billion in annual revenue and employs roughly 59,000 people across a diversified portfolio of businesses, providing significant financial backing to the tenancy.

Long-Term Lease with Built-In Growth
The lease commenced in December 2021 and runs through November 2036, with approximately 10+ remaining. It includes 1.75% annual rent increases and three 5-year options plus one 3-year, 11-month option, ensuring stable and growing cash flow.

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