Albertsons
Retail | 5.75% CAP | 43,056 SqFt
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN, corporate guaranteed (NYSE: ACI), Albertsons investment property located in Taft, California (Bakersfield MSA). The tenant, Albertsons LLC, recently extended its lease 8-years with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease is NNN minimizing landlord responsibilities and limiting expense leakage, making it an ideal, low-management investment opportunity for a passive investor. The subject property has served as a grocery store since its opening in 1986. Albertsons Companies operates a nationally scaled grocery platform with more than 2,200 stores across 35 states under 20+ banners, including Albertsons, Safeway, and Vons, and maintains a strong footprint throughout California. The subject property boasts strong store sales (contact agent for details).
Investment highlights
- New 8-Year Extension | Corporate Guaranteed (NYSE: ACI)
- NNN | Fee Simple Ownership | Limited Landlord Responsibilities
- Grocery Anchor to Taft Hills Plaza (96K SF | 1.6M+ Annual Visits)
- Built-In Consumer Base | Near Taft College | Bakersfield MSA
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