Auto Service - Gas-Conv
Kroger Ground Lease (S&P: BBB) | 18+ Years at Signalized Intersection | Excellent Location
11220 Reed Hartman Hwy, Blue Ash (Cincinnati), OH 45241
Listing Price: $2,455,000
Investment Overview
Headquartered in Cincinnati, Ohio, The Kroger Co. (NYSE: KR; S&P: BBB) is the nation’s largest supermarket chain by revenue and is one of the world’s largest food retailers. Kroger has 420,000 associates, 2,731 supermarkets and multi-department stores including 2,273 pharmacies, and 43 distribution centers. Kroger also operates over 1,700 fuel centers; fuel is an important part of Kroger’s strategy, driving customer loyalty and delivering additional savings to customers.
Blue Ash is a city in Hamilton County, located 20 minutes north of downtown Cincinnati. Home to over 12,000 residents, Blue Ash boasts a highly-ranked education system, two full-service hospitals, ample employment opportunities, and top-ranked amenities.
Kroger Ground Lease (S&P: BBB) | 18+ Years at Signalized Intersection | Excellent Location
Investment Highlights
- 18+ Years Remaining on Absolute NNN Ground Lease with Kroger (NYSE: KR; S&P: BBB)
- 15% Rental Increase Occurring in December 2033 with 10% Rental Increases Occurring in Each of 7, 5-Year Renewal Options
- Kroger Operates Over 1,700 Fuel Stations Nationwide
- The Subject Property is Situated Just South of Kroger's Blue Ash Corporate Offices
- Situated Along the Primary Retail Corridor in Blue Ash within Greater Cincinnati's Largest Suburban Office Market
- Densely Populated Cincinnati Trade Area, with a Daytime Population of 247,545 within a 5-Mile Radius
Auto Service - Gas-Conv
Kroger Ground Lease (S&P: BBB) | 18+ Years at Signalized Intersection | Excellent Location
Listing Price: $2,455,000
Investment Highlights
- 18+ Years Remaining on Absolute NNN Ground Lease with Kroger (NYSE: KR; S&P: BBB)
- 15% Rental Increase Occurring in December 2033 with 10% Rental Increases Occurring in Each of 7, 5-Year Renewal Options
- Kroger Operates Over 1,700 Fuel Stations Nationwide
- The Subject Property is Situated Just South of Kroger's Blue Ash Corporate Offices
- Situated Along the Primary Retail Corridor in Blue Ash within Greater Cincinnati's Largest Suburban Office Market
- Densely Populated Cincinnati Trade Area, with a Daytime Population of 247,545 within a 5-Mile Radius
Investment Overview
Headquartered in Cincinnati, Ohio, The Kroger Co. (NYSE: KR; S&P: BBB) is the nation’s largest supermarket chain by revenue and is one of the world’s largest food retailers. Kroger has 420,000 associates, 2,731 supermarkets and multi-department stores including 2,273 pharmacies, and 43 distribution centers. Kroger also operates over 1,700 fuel centers; fuel is an important part of Kroger’s strategy, driving customer loyalty and delivering additional savings to customers. Blue Ash is a city in Hamilton County, located 20 minutes north of downtown Cincinnati. Home to over 12,000 residents, Blue Ash boasts a highly-ranked education system, two full-service hospitals, ample employment opportunities, and top-ranked amenities.
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