Tenant: US Foods Chef’Store | Kalispell, MT
Premises: 23,500 SF
Renewal Options: Four (4) – Five (5) Year Options
Lease Expiration: 08/31/2034
Lease Type: NNN
Rental Increases: 10% Every 5-years
Sands Investment Group is Pleased to Present Exclusively For Sale the 23,500 SF US Foods Chef’Store NNN Located at 1031 East Highway 2 in Kalispell, MT. This Deal Includes High-quality US. Chef’store NNN With Lease Guarantee By Publically Traded Us Foods, Inc., Providing For a Unique Investment.
In Cooperation With ParaSell Inc., A Licensed Montana Broker Scott Reid – Broker of Record #RRE-BRO-LIC-71891
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US Foods CHEF’STORE
US Foods CHEF’STORE (formerly Smart Foodservice Warehouse Stores and Cash&Carry Smart Foodservice) is a chain of American warehouse grocery stores located in Arizona, California, Idaho, Montana, Nevada, North Carolina, Oklahoma, Oregon, South Carolina, Texas, Utah, Virginia, and Washington. The company operates 88 stores at the end of February 2023. One store inArizona, 17 in California, 6 in Idaho, three in Montana, two in Nevada, two stores in North Carolina, one in Oklahoma, 21 in Oregon, four stores in South Carolina, one in Texas, two in Utah, one in Virginia, and 27 stores in Washington state. The company is based in West Linn, Oregon, and Rosemont, Illinois.
Smart Foodservice Warehouse Stores operated as an independent division of Smart & Final, LLC between 2008 and 2020. In March 2020, US Foods agreed to acquire the Smart Foodservice Warehouse Stores from Apollo Global Management for $970 million. In March 2021, US Foods rebranded all Smart FoodserviceWarehouse stores as US Foods CHEF’STORE.
Cash&Carry was established in 1955 by United Grocers and operated under the name United Grocers Cash&Carry with a single store in Oregon City, Oregon. In 1998, Smart Foodservice was acquired by Smart & Final and became known as Cash&Carry Smart Foodservice. In 2018, Cash&Carry Smart Foodservice announced its rebranding to Smart Foodservice Warehouse Stores. In June 2022, CHEF’STORE named Irfan Badibanga as the company president, succeeding Derek Jones.