Safeway
RARE Low Rent/Price PSF Grocery Store Investment
Marketing description
We are Pleased to Exclusively Offer For Sale the single tenant Safeway Investment Property Located at 965 Dartmouth Ave, Lovelock, NV. Safeway has operated at this location for over 60 years and recently exercised a five-year option period in 2025 (4.5 Year Current Lease Term) demonstrating the tenant's confidence in the location. The Safeway Lease features an Absolute NNN structure providing a new investor zero landlord obligations. There are 5% rental increases at each option period providing income growth throughout the remaining term of the lease. Offered at $950,000, this investment offers the rare opportunity to purchase a Safeway Grocery Store (subsidiary of Albertsons) with a long-term operating history at $60 PSF.
Investment highlights
- Absolute NNN Lease - True Passive Investment
- Below-Market Rent - $2.52 PSF with Future Value-Add Potential
- Attractive Pricing - $60 PSF
- National Grocery Store Investment - Priced at $950,000 & Exclusive in Trade Area
- Exceptional Tenant Stability - 60+ Years at This Location
- Prime, Freeway-Accessible Location
- Built-in Income Growth - 5% Rent Increases at Options
- Albertsons Added EV Charging Stations in 2023
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