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King Soopers

King Soopers
Make an Offer
Investment Offering

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.
Tenant Overview

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.

Area Overview

King Soopers

12390 Ralston Road - Arvada, CO 80004

Contact Broker for Details

Status: Sold

King Soopers

Daniel Hoogesteger

310.853.1419
dan@SIGnnn.com

Andy Chana

310.853.1316
andy@SIGnnn.com

Make an Offer
$8.3 BILLION IN SALES

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