Tenant: King Soopers Premises: 198 SF Renewal Options: 3 x 5
Lease Expiration: 01/30/2019 Lease Type: NNN Rental Increases: 7.5% in January 2019 and FMV at each Option Following
100% leased single-tenant NNN ground lease, providing zero oversight for an investor
Corporate Guaranteed lease with Kroger (NYSE: KR) with a BBB S&P credit rating
Long term gas station occupancy at site, with King Soopers operating since 2009
King Soopers completely scraped former gas station and re-built from the ground up
Favorable Rent Increases of 7.5% every five years in initial term, and CPI within each 3-5 year option term.
King Soopers is a supermarket brand of Kroger in the Rocky Mountains of the United States; it has its headquarters in Denver, Colorado. King Soopers has a significant presence in the state of Colorado on the eastern slope of the Rocky Mountains. The stores are located along the Front Range from Cheyenne, Wyoming, to Pueblo, Colorado. There are also a few locations in the foothills west of Denver and Colorado Springs. In 1947, Lloyd J. King opened the first King Soopers store in Arvada, Colorado. His mission was to offer shoppers “friendly service, value, cleanliness and quality”, A few years later, King Soopers had grown to nine stores, and it was acquired by the Dillon Companies in 1957. In 1983, Dillons merged into Kroger.
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