Rare, Brand New Corporately Guaranteed 20 Year Absolute NNN Lease with Zero Landlord Responsibilities
National Credit Regional Brand Name Grocery Store – One of the Highest Performing Grocers in Southern California with 325+ Locations
Generates High, Above Average Sales Volume Proving to be the Go-To Grocery Store Within the Affluent Long Beach East Village and Downtown Areas
Fixed 1.5% Annual Increases Throughout the First 4 Years of the Initial Term, 7.5% Increases Starting at Year 11 and Every 5 Years Following
Strong Historical Operating History – Vons Has Been at this Location for 50+ Years with the Current Building Completely Redeveloped in 2010
Located in One of the Highest Barriers to Entry and the Most Booming Residential Development Markets in All of Los Angeles County
High Traffic Location at the Signalized Corner of Atlantic Avenue and E Broadway, One of the Busiest Intersections in Downtown Long Beach
Population of Over 388,850 Residents Within a 5-Mile Radius
Tenant Overview
Vons is a Southern California and Southern Nevada supermarket chain owned by Albertsons Companies which operates over 2,300+ grocery stores througout 35 states. The Vons banner of Albertsons Companies is headquartered in Fullerton California, and operates stores under the Vons and Pavilions banners. Vons has locations from San Diego north to Fresno, from Clark County, Nevada west to the Pacific Ocean. It’s 325 stores serve millions of Southern Californians and Nevadans with the largest strategic set of locations throughout Los Angeles County, San Diego County, Orange County, San Bernardino County and Ventura County. The marketing area that Vons covers comprises some of the most affluent, forward thinking culturally mixed communities in the U.S. The Vons business strategy has always been to serve the highest quality meat and produce at competitive prices. Equally important, Vons has been changing as Southern California changes. Capital spending insures a continuing pace of replacement stores and remodels. Vons has introduced shoppers to full-service banks and Starbucks within its stores, one-hour photo centers, professional pharmacies, dry cleaners and customer service centers which offer copying and faxing. Vons has never forgotten its commitment to quality. Most stores now contain full-service delis, scratch bakeries and complete floral departments. The company offers the “Safeway Select” line of premium quality products, encompassing over 1200 private label items. Vons also delivers groceries in many major U.S. cities and suburbs. Customers can order any time from their home or office, or order on-the-go using their mobile app.