Listed by Blvd Real Estate Investment Co
$4,400,000
Fred Meyer/The Kroger Co. - New 20-Yr Abs NNN Lease / $4.4M
Details
APN 22E10C 00900
Property Type Retail
Sub Type Gas Station
Square Footage 5,522
Net Rentable (SqFt) 5,522
Tenancy Single
Brand/Tenant Kroger
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 06/14/2046
Remaining Term 20
Rent Bumps Yes
Lease Options 8 (5-yr) options
Class A
Year Built 2026
Acreage 0.730
Tenant Credit Credit Rated
Lease Commencement 06/15/2026
Ground Lease No
New 20-Yr Abs NNN Lease - Fred Meyer / The Kroger Co.
Marketing description
Price: $4,400,000
Net Operating Income (NOI): $220,000
Cap Rate: 5.0%
Tenant: Fred Meyer (The Kroger Co.)
Guarantor: The Kroger Co.
Lease Type: Absolute NNN
Increases: 10% every 5 Years (Thru Options)
Lease Term: 20 Years + 8 (5-year) Options
Store Opening: June 15, 2026
Investment highlights
- Brand New Long-Term (20-Year) Absolute NNN Ground Lease - Opening June 2026
- Absolute NNN Lease Structure - No Landlord Responsibilities Whatsoever - Tenant is responsible for all property expenses including: CAM, taxes, insurance, and roof & structure
- Top Tier Tenant (The Kroger Co.) / S&P Credit Rated BBB - The Kroger Co. corporately guarantees the full term and options of the lease, providing the investor with long-term security and stability
- #2 Grocery Brand in the United States - The Kroger Co. Annual Revenue: Over $145 billion, making it one of the largest grocers in the U.S., with approximately 2,700+ supermarkets nationwide., and position as the #2 traditional grocer in the U.S. behind Walmart.
- Excellent Frontage and Visibility along Heavily Travelled Hwy 212 (39,672 VPD) within one of Clackamas County’s primary retail and commuter corridors
- Located in Heart of the Affluent Portland MSA / Dense Infill Location - Over 213,823 permanent residents live within a 5-mile radius of the Subject Property, with an average household income of nearly $120k
Listing Contacts
Listed by Blvd Real Estate Investment Co
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