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Grocery Store

US Foods CHEF'STORE - 15 Yr Lease

915 Greenville Blvd SW, Greenville, NC 27834

Listing Price: $7,888,000

Cap Rate
6.15%
Tenant Name
US FOODS, INC.
Years Remaining On Lease
14.8
Gross SF
20,004
Guarantor
Corporate Guarantee
Rentable SF
20,004
Price/Gross SF
$394.32
Lease Type
Double Net
Rent Per Square Feet
$24.25

Investment Overview

US Foods CHEF’STORE offers a customer-centric, warehouse-format shopping experience for wholesale food and restaurant supplies at competitive prices. Designed as a one-stop-shop for restaurant operators and food service professionals, CHEF’STORE is also an option for non-profit organizations and the public, with no membership required.

Greenville is the county seat and most populous city of Pitt County, North Carolina. It is the cultural, educational, economic, and medical hub of eastern North Carolina. Pitt County is home to approximately 172,960 residents, of which 88,545 people reside in Greenville. The Greenville area boasts a progressive and dynamic real estate market with a diverse portfolio of homes, including apartment-style living, townhomes, condos, and single-family homes.

Investment Highlights

  • New 15-Year Lease with Corporate Guaranty by US Foods, Inc. (NYSE:USFD) and 20 Year Roof Warranty
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • 107,501 Residents Within a Five-Mile Radius - Households and Population Projected to Increase Approximately Five Percent in the Surrounding Area by 2027
  • US Foods has 90 CHEF'STORE Locations in 13 States
  • Dense Retail Corridor Location Surrounded by National Tenants: Walmart, Kohl's, Hobby Lobby, Lowe's Home Improvement, and More
  • More than 61,500 Cars per Day at the Nearby Intersection of Greenville Boulevard Southwest and South Memorial Drive
  • Within a 10-Minute Drive of Downtown Greenville and East Carolina University

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Grocery Store

US Foods CHEF'STORE - 15 Yr Lease

Listing Price: $7,888,000

Cap Rate
6.15%
Tenant Name
US FOODS, INC.
Years Remaining On Lease
14.8
Gross SF
20,004
Guarantor
Corporate Guarantee
Rentable SF
20,004
Price/Gross SF
$394.32
Lease Type
Double Net
Rent Per Square Feet
$24.25

Investment Highlights

  • New 15-Year Lease with Corporate Guaranty by US Foods, Inc. (NYSE:USFD) and 20 Year Roof Warranty
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • 107,501 Residents Within a Five-Mile Radius - Households and Population Projected to Increase Approximately Five Percent in the Surrounding Area by 2027
  • US Foods has 90 CHEF'STORE Locations in 13 States
  • Dense Retail Corridor Location Surrounded by National Tenants: Walmart, Kohl's, Hobby Lobby, Lowe's Home Improvement, and More
  • More than 61,500 Cars per Day at the Nearby Intersection of Greenville Boulevard Southwest and South Memorial Drive
  • Within a 10-Minute Drive of Downtown Greenville and East Carolina University

Investment Overview

US Foods CHEF’STORE offers a customer-centric, warehouse-format shopping experience for wholesale food and restaurant supplies at competitive prices. Designed as a one-stop-shop for restaurant operators and food service professionals, CHEF’STORE is also an option for non-profit organizations and the public, with no membership required. Greenville is the county seat and most populous city of Pitt County, North Carolina. It is the cultural, educational, economic, and medical hub of eastern North Carolina. Pitt County is home to approximately 172,960 residents, of which 88,545 people reside in Greenville. The Greenville area boasts a progressive and dynamic real estate market with a diverse portfolio of homes, including apartment-style living, townhomes, condos, and single-family homes.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

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