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Grocery Store

Kroger | Laurel, MS | 40+ Year Operating History

2340 MS-15, Laurel, MS 39440

Listing Price: $4,135,200

Cap Rate
5.75%
Tenant Name
Kroger
Years Remaining On Lease
4.9
Guarantor
Corporate Guarantee
Rentable SF
43,586
Lease Type
Absolute Net
Rent Per Square Feet
$5.46

Investment Overview

KROGER
- With nearly 2,800 stores in 35 states and annual sales of more than $132.5 billion, Kroger ranks as one of the world’s largest retailers
- Kroger (NYSE: KR) Corporate Guarantee – S&P Rated BBB
- $132.5 Billion in annual sales
- 420,000 Employees

OPERATING HISTORY / COMMITMENT TO LOCATION
- Kroger has operated at this site for 40+ years (Lease commenced in 1982) !!
- Tenant just exercised a 5-year option
- On site Kroger Fuel Center and Pharmacy
- Recent renovations (interior & exterior)
- Only Kroger in Laurel, MS
- Limited competition

LEASE
- NNN – No Landlord Responsibilities
- 5-Years remaining on base term
- Four, 5-year options
- 40+ Year operating history

STRONG DEMOGRAPHICS
- $85,969 – Average Household Income (one-mile)
- 19,377 – Population (three-mile)

Investment Highlights

  • KROGER -With nearly 2,800 stores in 35 states and annual sales of more than $132.5 billion, Kroger ranks as one of the world's largest retailers -Kroger (NYSE: KR) Corporate Guarantee – S&P Rated BBB
  • Kroger has operated at this site for 40+ years (Lease commenced in 1982) !! Tenant just exercised a 5-year option On site Kroger Fuel Center and Pharmacy Recent renovations (interior & exterior)
  • LEASE -NNN – No Landlord Responsibilities -5-Years remaining on base term -Four, 5-year options -40+ Year operating history

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s) MS: 15586

    Mississippi

Financing By

Grocery Store

Kroger | Laurel, MS | 40+ Year Operating History

Listing Price: $4,135,200

Cap Rate
5.75%
Tenant Name
Kroger
Years Remaining On Lease
4.9
Guarantor
Corporate Guarantee
Rentable SF
43,586
Lease Type
Absolute Net
Rent Per Square Feet
$5.46

Investment Highlights

  • KROGER -With nearly 2,800 stores in 35 states and annual sales of more than $132.5 billion, Kroger ranks as one of the world's largest retailers -Kroger (NYSE: KR) Corporate Guarantee – S&P Rated BBB
  • Kroger has operated at this site for 40+ years (Lease commenced in 1982) !! Tenant just exercised a 5-year option On site Kroger Fuel Center and Pharmacy Recent renovations (interior & exterior)
  • LEASE -NNN – No Landlord Responsibilities -5-Years remaining on base term -Four, 5-year options -40+ Year operating history

Investment Overview

KROGER - With nearly 2,800 stores in 35 states and annual sales of more than $132.5 billion, Kroger ranks as one of the world’s largest retailers - Kroger (NYSE: KR) Corporate Guarantee – S&P Rated BBB - $132.5 Billion in annual sales - 420,000 Employees OPERATING HISTORY / COMMITMENT TO LOCATION - Kroger has operated at this site for 40+ years (Lease commenced in 1982) !! - Tenant just exercised a 5-year option - On site Kroger Fuel Center and Pharmacy - Recent renovations (interior & exterior) - Only Kroger in Laurel, MS - Limited competition LEASE - NNN – No Landlord Responsibilities - 5-Years remaining on base term - Four, 5-year options - 40+ Year operating history STRONG DEMOGRAPHICS - $85,969 – Average Household Income (one-mile) - 19,377 – Population (three-mile)

Broker of Record

  • Mickey Davis

    Senior Associate

    (901) 620-3600

    License(s): MS: 15586

    Mississippi

Financing By

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