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Grocery Store

Natural Grocers | Early 5 Year Lease Extension

5600 E River Rd, Tucson, AZ 85750

Listing Price: $6,312,000

Cap Rate
6.25%
Tenant Name
Natural Grocers
Years Remaining On Lease
10.8
Gross SF
15,100
Guarantor
Corporate Guarantee
Rentable SF
15,100
Price/Gross SF
$418.01
Lease Type
Absolute Net
Rent Per Square Feet
$26.13

Investment Overview

Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is a rapidly expanding specialty retailer of natural and organic groceries and dietary supplements whose products meet strict quality guidelines. As of March 31, 2025, Natural Grocers operates approximately 169 stores in 21 U.S. states, with plans to open between 4 and 6 new stores in 2025 and relocate or remodel between two and four stores.

Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business. Over the next five years, the metro is projected to add roughly 37,000 new residents.

Investment Highlights

  • More Than 11 Years Remaining on an Absolute Triple-Net (NNN) Lease
  • Tenant Recently Executed a Five-Year Early Lease Extension, Demonstrating a Strong, Long-Term Commitment to the Site
  • Natural Grocers Operates 169 Stores in 21 States
  • Natural Grocers Reported Record-Breaking Q2 2025 Net Sales of $335.8 Million, a 9 Percent Increase Year-Over-Year
  • 212,214 Residents in Growing Tucson Trade Area

Exclusively Listed By

Financing By

Grocery Store

Natural Grocers | Early 5 Year Lease Extension

Listing Price: $6,312,000

Cap Rate
6.25%
Tenant Name
Natural Grocers
Years Remaining On Lease
10.8
Gross SF
15,100
Guarantor
Corporate Guarantee
Rentable SF
15,100
Price/Gross SF
$418.01
Lease Type
Absolute Net
Rent Per Square Feet
$26.13

Investment Highlights

  • More Than 11 Years Remaining on an Absolute Triple-Net (NNN) Lease
  • Tenant Recently Executed a Five-Year Early Lease Extension, Demonstrating a Strong, Long-Term Commitment to the Site
  • Natural Grocers Operates 169 Stores in 21 States
  • Natural Grocers Reported Record-Breaking Q2 2025 Net Sales of $335.8 Million, a 9 Percent Increase Year-Over-Year
  • 212,214 Residents in Growing Tucson Trade Area

Investment Overview

Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is a rapidly expanding specialty retailer of natural and organic groceries and dietary supplements whose products meet strict quality guidelines. As of March 31, 2025, Natural Grocers operates approximately 169 stores in 21 U.S. states, with plans to open between 4 and 6 new stores in 2025 and relocate or remodel between two and four stores. Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business. Over the next five years, the metro is projected to add roughly 37,000 new residents.

Exclusively Listed By

Financing By

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