Safeway Supermarket | Auburn, CA
Sands Investment Group is Pleased to Present For Sale the Safeway Supermarket Absolute Net Lease Located in Auburn, California. This deal includes an extremely high level performing Safeway, that is one of the largest food and drug retailers in the Unites States, providing for an excellent investment.
- This Safeway is the largest grocery store and national chain in the area
- This Safeway is performing at an extremely high level; the tenant rent-to-sales ration at this location for 2022 was 1.95% and did $939.92 PSF in sales
- Total spending on food and alcohol within a 5-mile radius of this property exceeds $158M per year and is expected to increase to over $186M by 2027
- Population growth is projected to exceed 8% through 2027 within a 5-mile radius of this property
- Safeway Inc., a subsidiary of Albertsons Companies, Inc. (NYSE: ACI). is headquartered in Boise, ID – Albertsons Companies is one of the largest food and drug retailers in the United States
- Albertsons Companies, Inc. operates under 20 well-known grocery store banners including: Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets and Pavilions
- Albertsons Companies reported $69.69 billion in the fiscal year of 2020, which is an 11.6% increase over the previous year ($62.45 billion); In June of 2021, Moody’s upgraded Albertsons Companies, Inc.’s and Safeway Inc.’s existing senior unsecured notes to Ba3 – Albertsons’ probability and default rating was upgraded to Ba2
- Albertsons Companies is one of the largest retail employers in the United States today, providing approximately 270,000 jobs; Albertsons home delivery services are available in 11 of the top 15 U.S. markets today (Auburn, CA included)
In Cooperation With Sands Investment Group, Inc – Lic. #1768950
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