RSR Holdings, LLC, represented by Dan McCarthy and Alec Spencer of Intersection, has secured a significant lease agreement with Grocery Outlet, a leading publicly traded retailer in the grocery industry. The lease encompasses 12,365 square feet of prime retail space at 1211 Garnet Avenue for a term of 132 months, with a total lease consideration of $3,708,797.00.

Known for its strategic location and substantial visibility on a major arterial, 1211 Garnet Avenue offers 12,365 square feet of retail space accompanied by ample dedicated parking—a rare find in the Pacific Beach submarket. Following extensive marketing efforts, RSR Holdings identified Grocery Outlet as an ideal long-term partner based on its robust business model and brand presence with over 480 locations nationwide.

“We are gratified to have completed this agreement with Grocery Outlet, whose tenancy will undoubtedly enhance both the asset and the Pacific Beach community,” stated Alec Spencer, Senior Associate at Intersection.

With a legacy of serving Pacific Beach through notable retailers such as Thrifty Drug Store and Trader Joe’s, 1211 Garnet Avenue continues a reputation for attracting premium tenants and achieving strong lease rates under the stewardship of RSR Holdings and Intersection.

Grocery Outlet is renowned for offering name-brand groceries at discounted prices, making it a valuable addition to the retail landscape of Pacific Beach.  They were represented in this transaction by Dave Hagglund of CBRE.

This partnership marks a significant milestone for RSR Holdings, reinforcing its commitment to maintaining enduring relationships with tenants and delivering exceptional value to the community.

To learn more about this project or the deal, please reach out to Alec Spencer at [email protected]

Natalie Baylon is the Marketing Manager at Intersection, providing strategic marketing expertise to support business objectives across company divisions. For general and marketing inquiries, please get in touch with Natalie at [email protected]