Brand New 20 Year Absolute NNN Lease with Zero Landlord Responsibilities
Fixed Rent Increases Throughout the Initial Term and 8 x 5 Year Options
Safeway is Recognized as the Leading Grocery Store Throughout the Western Region of the US and the Highest Performing Grocer in Northern California
Strong Historical Operating History – Safeway Has Been at this Location Since 1999 Providing an 18 Year Track Record Within the Local Market
Safeway Creates a “Daily Needs” Draw to the Rest of the Shopping Center it Anchors, Providing a Cross-Shopping Experience with the Rest of the Tenants
Situated at the NEC Right Off the Intersection of Manzanita Ave (45,000 VPD) and Fair Oaks Blvd (32,000 VPD) – Major Arterial Within the Trade Area
Excellent Demographics – Population of 369,820+ Residents Within 5-Miles Close Proximity to Residential and Commercial Density – High Traffic Location
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, Inc., 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.
“Signature Select” is the company’s signature private label that offers an upscale range of products, a sublabel “Primo Taglio” is used for more upscale deli products and “Lucerne” is the main dairy line. In 2006, Safeway introduced a new line, with organically grown and processed line of products named “O Organics.” After its acquisition by Albertsons, the combined company adopted Safeway’s private label brand program, previously named “Safeway Select.”
Recently Safeway started carrying throughout its stores the ready-to-eat “Meals-to-Go” which have a wide range of already prepared healthy options for breakfast, lunch, and dinner. Although food delivery has been a part of Safeway’s business model since 2000, the company has been taking initiatives through the tech world to offer first class, simplified delivery service through an app.