25151 SANTA CLARA ST
Newly constructed dual drive-thru 7 Brew Coffee in Brownwood, Texas, offered at $1,683,000 at a 6.00% cap ($101,000 NOI). The single-tenant asset is secured by a 15-year absolute NNN ground lease with 10% rent increases every five years and zero landlord responsibilities. The structure is fully passive and management-free, which suits out-of-state and 1031 buyers.
Built in 2025, the 510 SF building sits on a 44,431 SF (1.02-acre) C-1 parcel with 12 parking spaces along Commerce Street (US-84/US-377), Brownwood's primary commercial corridor. The trade area is anchored by Walmart Supercenter, Home Depot, and United Supermarkets, with neighboring national QSR brands such as Chick-fil-A, McDonald's, Whataburger, and Starbucks. About 36,000 residents live within ten miles.
- 15-year absolute NNN ground lease with zero landlord responsibilities
- 10% rent increases every five years
- New 2025 construction, dual drive-thru
- Leased-fee ownership; passive, 1031-eligible income
- Anchored corridor alongside Walmart Supercenter and Home Depot
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- Single-tenant Lucky California grocery store offered at $17,621,596 at a 6.02% cap ($1,092,539 NOI). The 45,865 SF asset sits on a 3.60-acre parcel in Hayward and is leased to Save Mart Companies under an absolute NNN lease with zero landlord responsibilities. The corporate-backed tenant operates more than 200 grocery stores across the western United States and is backed by The Jim Pattison Group, a diversified company generating over $19 billion in annual revenue.
- Built in 1990, the single-story building anchors Gateway Plaza Shopping Center near the Jackson Street interchange with Interstate 880, with approximately 77,953 vehicles passing daily. The lease began in December 2021 and extends through November 2036, with approximately 11 years remaining and 1.75% annual rent increases. The property includes fee simple ownership, enabling depreciation advantages that may enhance after-tax returns. Lucky operates as an essential grocery destination with an in-store pharmacy and is surrounded by national retailers including Starbucks, Safeway, CVS, Chase Bank, and 24-Hour Fitness, along with co-tenants Popeyes, State Farm, Subway, The UPS Store, and EVgo charging stations.
- Highlights:
- Corporate-backed Save Mart Companies tenant with 200+ store footprint
- Absolute NNN lease; zero landlord responsibilities
- 11 years remaining with 1.75% annual rent increases and renewal options
- Fee simple ownership with depreciation benefits
- 77,953 daily vehicles; anchored shopping center with national co-tenants
- 157 parking spaces on 3.60-acre site
More property details
Location
This investment opportunity features a rare single-tenant Lucky California grocery store comprising approximately 45,865 square feet on a 3.60-acre parcel in Hayward, California, operating under an absolute NNN lease with zero landlord responsibilities. Strategically positioned near the Jackson Street interchange with Interstate 880, the property enjoys exceptional visibility and accessibility, benefiting from approximately 77,953 vehicles passing daily. Located within a densely populated East Bay commercial corridor, the asset is surrounded by residential neighborhoods and national retailers including Starbucks, Safeway, CVS, Chase Bank, and 24-Hour Fitness. The corporate-backed lease is held by Save Mart Companies, which operates more than 200 grocery stores across the western United States and is owned by The Jim Pattison Group, a diversified company generating over $19 billion in annual revenue. Lucky serves as an essential grocery destination with an in-store pharmacy, providing fresh and organic products to the surrounding community. The lease began in December 2021 and extends through November 2036, with approximately 11 years remaining, featuring 1.75% annual rent increases and multiple renewal options that support long-term income growth. Investors also benefit from fee simple ownership, allowing depreciation advantages that may enhance after-tax returns. As part of the established Gateway Plaza Shopping Center, the property is complemented by national tenants including Popeyes, State Farm, Subway, The UPS Store, and EVgo charging stations, generating consistent customer traffic and retail synergy. With its corporate-backed tenancy, passive ownership structure, built-in rental growth, and strong location, this asset represents an excellent long-term investment and a compelling 1031 exchange opportunity.