Tenant: Safeway
Premises: 42,870 SF
Renewal Options: 8 x 5 Years
Lease Expiration: 10/31/2037
Lease Type: Absolute NNN
Rental Increases: 1.5% Over the First 5 Years, 7.5% Every 5 Years After
- New 20 Year Absolute NNN Lease with Zero Landlord Responsibilities
- Top National Credit Grocery Store – Safeway is Recognized as the Leading Grocery Store throughout the Western Region
- High Sales Volumes with Stable Sales Numbers Over the Past 5 Years
- 1.5% Increases Over the First 5 Years with 7.5% Increases Every 5 Years After
- Strong Operating History – Safeway Has Been at this Location Since 2001
- Safeway is a Long-Time Staple in the Grocery Store Industry, Formed in 1926 and Currently has 1,300+ Locations in 19 States
- Average Household Income Exceeding $81,580 Within a 5-Mile Radius
- Superior Frontage and Visibility – Immediately Off Hwy 50 Located on the Core Signalized Corner for the Pollock Pines Retail Trade Area
Safeway, Inc., owned by Albertsons Companies, is an American supermarket chain founded in 1915. As of 2014, Safeway had
a total of 1,335 stores in the United States and 195 in Mexico with its partnership with Casa Ley. The largest concentration of
Safeway branches is in Washington with 168 stores and then Colorado with 115. As of 2015, Safeway is a subsidiary of Albertsons
Companies, LLC, having been acquired in January 2015. Safeway’s primary base of operations is in the western and central
United States, with some stores located in the Mid-Atlantic region of the Eastern Seaboard. The subsidiary is headquartered in
Pleasanton, California with parent company headquarters in Boise, Idaho.