Absolute NNN Grocery Store Investment with Corporate Guarantee

Description:

Corporate Guarantee From Cardenas Market, LLC - Founded in 1981, Cardenas Markets is one of the largest Hispanic grocery chains in the country, with a chain footprint of 113 stores across the western and mid-west United States with approximately $1.8 billion in revenues.

Long-Term Lease in Place - Cardenas Markets recently extended their lease and now has over ten (10) years remaining on their initial lease term, plus two (2) options to renew for five (5) years each.

Strong Projected Company Growth - Apollo Funds ((NYSE: APO) acquired Cardenas Markets in 2022 from KKR. Apollo combined Cardenas with Los Altos Markets. Tony's Fresh Market, and El Rancho Supermercardo to create a leading Hispanic and ethnic focused grocer chain.

High Performing Store Location - Cardenas Markets has operated in the Indio location for over eighteen (18) years and has extended their lease multiple times. The Tenant also invested over $5 million in tenant improvements over the last five (5) years.

Ideal Passive NNN Investment - Operating under an absolute NNN investment, the Tenant is responsible for taxes, insurance, common area maintenance, roof, HVAC and structure, which minimizes Landlord expense responsibilities.

Ten Percent (10%) Increase March 2026 - There are two (2), ten percent (10%) rent increases remaining in the initial lease term, including a ten percent (10%) rent increase in March 2026 and March 2031, which will help hedge against inflation.

Fee Simple Ownership with Depreciation - Investors can take advantage of depreciation of the structure ownership to enhance after-tax cash flow

Strong Intrinsic Value - Priced at under $240/SF of building, the property is priced below replacement cost.

Excellent Frontage and Access on Highway 111 - Cardenas Markets benefits from traffic counts exceeding 35,000 CPD at the intersection of Highway 111 and Rubidoux Street. There are multiple driveway access points and a dedicated traffic signal to access the center.

Complimentary Tenant Mix - The shopping center is shadow- anchored by CVS, AutoZone, Jack in the Box, and other established businesses.

Strong Demographics and Growth - The population has grown over 0.42% since 2010 and current population exceeds 169,093 within a 5-mile radius of the property. Cardenas Markets is less than 3-miles from the Empire Polo Grounds - site of the Coachella Valley Music & Arts Festival, Stagecoach Country Music Festival, and several other attractions.

Large Parcel with Ample Parking - The 5.6 acre parcel boasts approximately 347 parking stalls.

Ideal Immediate Customer Base - The Hispanic population is over 73,237 in a 3-mile radius,

Documents: