Fred Meyer / The Kroger Co. - Long-Term (20-Year) Absolute NNN Lease
At-A-Glance
Price: $4,400,000
Net Operating Income (NOI): $220,000
Cap Rate: 5.0%
Opportunity
Tenant: Fred Meyer (The Kroger Co.)
Guarantor: The Kroger Co.
Lease Type: Absolute NNN - No Landlord responsibilities
Increases: 10% every 5 Years (Thru Options)
Lease Term: 20 Years + 8 (5-year) Options
Store Opening: June 15, 2026
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
