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Corning, CA - Sav Mor Foods

$7,400,000

590 Solano St, Corning, CA 96021

Active
Last Updated: 11/20/2024

7

Cap Rate

517,957

NOI

Details:
Cap Rate:    7%
NOI:    $517,957
Building Size:    32,000 sqft
Description:

‒ 15 years remaining on 20-year lease
‒ 1.5% annual increases
‒ Top-performing sales Sav•Mor Foods location across the chain with sales increasing every year since
open (contact agent for details)
‒ North State Grocery, Inc. is a regional grocer that operates 21 locations across the Sav•Mor Foods
and Holiday Market brands in California and Oregon
‒ Additional $48,000 in solar revenue that runs co-terminus with lease

‒ Excellent visibility & access along Solano Street, the main East-West thoroughfare in the city with
direct connections to I-5 and SR 99
‒ Nearby national retailers: Safeway, Grocery Outlet, Rite Aid, Dollar Tree, Napa Auto Parts, and more ‒ Adjacent to Top 7% Dollar General Nationwide – Placer.ai

Map:
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