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Grocery Store

Albertson's (Fresh Market Sublease)

135 E Main Street, American Fork, UT 84003

Listing Price: $4,074,604

Cap Rate
8.46%
Tenant Name
Fresh Market
Years Remaining On Lease
3.2
Gross SF
44,844
Guarantor
Corporate Guarantee
Rentable SF
44,844
Price/Gross SF
$90.86
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$7.69

Investment Overview

Marcus & Millichap is pleased to present for sale, Albertson's (Fresh Market Sublease) located in American Fork, Utah. The subject property is located in the Salt Lake City MSA and located on a hard corner intersection that see's 38,761 cars per day. This absolute triple-net lease property has zero landlord responsibilities and 3.3 years remaining on the original absolute triple-net lease. Albertson's (Fresh Market Sublease) is being offered for $4,074,604.

Investment Highlights

  • Original Absolute Triple-Net 30-Year Albertson's Lease with 3.3 Years Remaining in Salt Lake City CSA
  • Subleased to Fresh Market, Associated Food Stores-Owned Regional Operator with 13 Locations in Utah
  • Tenant Purchase Option with Unique Landlord Option to Require Purchase by Tenant, Both at a Strike Price of $3,574,059 in the Last Year of Lease
  • Priced Based on the NPV (5.75 Percent Discount Rate) of both the Rent for the Remainder of Base Term and the Purchase Option Price
  • Potential Ability for Tax Write Off for Difference Between Purchase Price and Set Buyout Price in Three Years
  • Absolute Triple-Net Lease – Zero Landlord Responsibilities
  • Fresh Market is Associated Foods Largest Corporate Brand – Created Through 2009 Purchase of Most Albertson's Locations in Utah
  • Located at Hard Corner Intersection with 38,761 Cars per Day

Broker of Record

  • Justin Forman

    Regional Manager

    (702) 215-7150

    License(s) UT: 12256000-PB00

    Utah

Grocery Store

Albertson's (Fresh Market Sublease)

Listing Price: $4,074,604

Cap Rate
8.46%
Tenant Name
Fresh Market
Years Remaining On Lease
3.2
Gross SF
44,844
Guarantor
Corporate Guarantee
Rentable SF
44,844
Price/Gross SF
$90.86
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$7.69

Investment Highlights

  • Original Absolute Triple-Net 30-Year Albertson's Lease with 3.3 Years Remaining in Salt Lake City CSA
  • Subleased to Fresh Market, Associated Food Stores-Owned Regional Operator with 13 Locations in Utah
  • Tenant Purchase Option with Unique Landlord Option to Require Purchase by Tenant, Both at a Strike Price of $3,574,059 in the Last Year of Lease
  • Priced Based on the NPV (5.75 Percent Discount Rate) of both the Rent for the Remainder of Base Term and the Purchase Option Price
  • Potential Ability for Tax Write Off for Difference Between Purchase Price and Set Buyout Price in Three Years
  • Absolute Triple-Net Lease – Zero Landlord Responsibilities
  • Fresh Market is Associated Foods Largest Corporate Brand – Created Through 2009 Purchase of Most Albertson's Locations in Utah
  • Located at Hard Corner Intersection with 38,761 Cars per Day

Investment Overview

Marcus & Millichap is pleased to present for sale, Albertson's (Fresh Market Sublease) located in American Fork, Utah. The subject property is located in the Salt Lake City MSA and located on a hard corner intersection that see's 38,761 cars per day. This absolute triple-net lease property has zero landlord responsibilities and 3.3 years remaining on the original absolute triple-net lease. Albertson's (Fresh Market Sublease) is being offered for $4,074,604.

Broker of Record

  • Justin Forman

    Regional Manager

    (702) 215-7150

    License(s): UT: 12256000-PB00

    Utah

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