Tenant: Kroger
Premises: 77154 SF
Renewal Options: 6 x 5
Lease Expiration: 12/31/2026
Lease Type: NNN
Rental Increases: none
- Strong Corporate Guarantee – S&P Credit Rating BBB
- Extremely High Store Sales – Over $36.7 Million in 2014 ($475.67 PSF)
- Consistent Sales Growth – Store has Increased Sales Every Year Since Opening and Up by Nearly 50% Since 2007
- Healthy Rent to Sales Ratio – Below 2%
- Long Term Secure Income Stream – 11 Years Remaining on Primary Term
- NNN Lease – Minimal Landlord Responsibilities
- Seller Will Agree to Manage Common Area Eliminating Management Responsibility by Buyer
- Newly Constructed Building – Built in 2006 Providing Minimal to No Deferred Maintenance
The Kroger Co. (NYSE:KR) is one of the world’s largest grocery retailers, with fiscal 2014 sales of $108.5 billion. The Kroger Co. Family of Stores spans many states with store formats that include grocery and multi-department stores, discount, convenience stores and jewelry stores. The Kroger Co. operates under nearly two dozen banners, all of which share the same belief in building strong local ties and brand loyalty with their customers. Kroger employs nearly 400,000 associates who serve customers in 2,625 supermarkets and multi-department stores in 34 states and the District of Columbia under two dozen local banner names including Kroger, City Market, Dillons, Jay C, Food 4 Less, Fred Meyer, Fry’s, Harris Teeter, King Soopers, QFC, Ralphs and Smith’s. The company also operates 782 convenience stores, 326 fine jewelry stores, 1,330 supermarket fuel centers and 37 food processing plants in the U.S. Recognized by Forbes as the most generous company in America.