Highlights

•Essential Operations: These properties function as the corporate headquarters and main production facilities for Garden Fresh Gourmet. •Established Tenancy: Garden Fresh Gourmet has maintained operations at these locations for more than 20 years. •Favorable Lease Structure: Includes a 10% rent increase in the next renewal option, followed by four additional options with market-based escalations. •Below-Market Rental Rate: Average rent is a competitive $4.89 PSF. •Low-Touch Investment: NNN lease structure offers minimal responsibilities for the landlord.

Description

Bealls has demonstrated a strong commitment to the location by recently signing a new 10-year lease. The property sits in a high-visibility spot next to a Walmart Supercenter on the city's main thoroughfare, which sees traffic volumes of over 15,000 vehicles per day. A 10% rent increase is set to take effect in February 2030. The 20,590 SF building underwent a complete renovation in 2024, including a new storefront, updated HVAC, electrical and plumbing systems, modern tenant finishes, and resurfaced parking lot. With a below-market rental rate of $7.45 PSF (compared to the local market average of $13.00 PSF within a 3-mile radius), the property offers strong upside. The NN+ lease structure requires minimal responsibilities from the landlord.

Property Documents

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Garden Fresh Portfolio Flyer.pdf

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Listing Details

  • Cap Rate

    7%

  • Space Type

    Industrial

  • Sub Category

    Distribution

  • Date Listed

    10/8/2025

  • Ownership Info

    Fee Simple

  • Broker/Agent Co-op

    Yes

  • Investment Type

    Net Lease

  • Net Operating Income

    $691,467

Property Specifics

  • Property Name

    Garden Fresh Gourmet - HQ Portfolio & Manufacturing

  • No of Buildings

    6

  • Building Size

    141,333 SF

  • Lot Size

    8.3 Ac

  • Occupancy

    100%