Tenant: Smart & Final Extra! | El Centro, CA Premises: 29,050 SF Renewal Options: 3 x 5 Years & 1 x 4 Year
Lease Expiration: 7/31/2033 Lease Type: NNN Rental Increases: 10% Year 11 & Every 5 Years Thereafter
Sands Investment Group is pleased to present this new NNN Lease located in El Centro, California.
Brand New Redevelopment – Corporate Smart & Final Extra! Operating Under a Long Term 15-Year NNN Lease
Corporate Lease with Smart and Final Inc, (NYSE: SFS) Founded in 1914 in Los Angeles with 323+ Stores and Over $4.3B in Annual Sales
Smart & Final is One of the Most Rapidly Expanding Banners Amongst Grocery Retailers with 14 New Stores in 2017 and a 5.3% Increase in Sales from Prior Year
Positioned at Signalized Hard Corner | Multiple Ingress/Egress Points
5-Mile Population Exceeds 70,000 Residents & Projected to Grow 3.25% by 2020
Ideal Southern California Locale | Largest City in Imperial Valley | Close Vicinity to San Diego
Property is Located in the Central Retail Corridor of El Centro and Surrounded by Numerous Major Retailers Such as Bank of America, McDonald’s, Wendy’s, AutoZone, O’Reilly Auto Parts, Burger King, Starbucks, and Many More
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Tenant Overview
Headquartered in Los Angeles, where the Company began over 145 years ago, Smart & Final Stores, Inc. operates more than 300 grocery and foodservice stores under the “Smart & Final,” “Smart & Final Extra!” and “Smart Foodservice” banners in California, Oregon, Washington, Arizona, Nevada, Idaho and Utah, with an additional 15 stores in Northern Mexico.
For years, Smart & Final banner stores were known as the “smaller, faster warehouse store,” primarily focused on providing customers with club-size items. Throughout its evolution, it has remained committed to adapting to the changing needs of the neighborhoods it serves, most notably through its 2008 introduction of Smart & Final Extra! stores. Uniquely positioned to offer time- and money-savings for both household and business customers, Smart & Final Extra! stores include expanded fresh and frozen products, organic and natural products, bulk foods, oven-roasted chicken and many other items sold in convenient sizes. All Smart & Final stores continue to offer 50% more club-size items than a traditional club store, with no membership fee required. As of June 17, 2018, the Company operated a total of 322 stores, including 195 Smart & Final Extra! stores, 63 legacy format Smart & Final stores and 64 Smart Foodservice Warehouse stores.