Brand New Corporately Guaranteed 20 Year Absolute NNN Lease with Zero Landlord Responsibilities
Located in the Heart of Affluent Sonoma County Wine Country in Downtown Santa Rosa, Surrounded by 425+ Wineries and 60,000+ Acres of Vineyards Which Attracts High Numbers of Tourists Annually
Fixed 1.5% Rent Increases at the Start of Years 2-5 and 7.5% Rent Increases Starting at Year 10 and Every 5 Years Following
National Credit Grocery Store – Safeway (Albertsons Companies) is the Leading Grocery Store Throughout the Western Region of the Country and the Highest Performing Grocer in Northern California
Albertsons Companies Operates 2,300+ Stores Under 20 Brands and Serves 34 Million Customers Per Week, Generating $60 Billion in Annual Sales
Pride of Ownership Asset – Property Offers a Rare Opportunity to Acquire an Asset Containing Both High Quality Real Estate and High Quality Tenancy in One of California’s Highest Barriers to Entry Markets
High Traffic, Dense Population Location Within a Quarter Mile from Hwy 101 with 350,000+ VPD and a Population of 214,500+ Within 5-Miles
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.
“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.