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Grocery Store

Spartan Nash - dba Family Fare Supermarket

56145 & 56151 M-51, Dowagiac, MI 49047

Listing Price: $6,378,200

Cap Rate
5.75%
Tenant Name
Family Fare Supermarkets
Years Remaining On Lease
18.0
Gross SF
48,030
Guarantor
Corporate Guarantee
Rentable SF
48,030
Price/Gross SF
$132.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$7.64

Investment Overview

This publicly traded company (NASDAQ:SPTN) enjoys revenue of approximately $9.35(Bil). This 20-year NNN grocery store lease and Fuel Station Ground Lease offers a passive investor the opportunity to invest in a true sleep-at-night single tenant. Family Fare is a wholly owned subsidiary of Spartan Nash, which is the largest grocery food staple provider to the military. This particular site benefits from minimal competition and a gas station and C-store that is the only one in several miles that is open until midnight.

Investment Highlights

  • Long term 20 year lease
  • True NNN - zero landlord obligations
  • Corporate guaranteed lease with NNN Ground lease on fuel station
  • A Fortune 400 company, SpartanNash is the 5th largest food distributor in the U.S
  • Overall sales increased 9.5% in 2019-2020 (essential retailer)
  • Long standing brand name, Family Fare is the "go-to" neighborhood grocery store

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s) MI: 6502387903

    Michigan

Grocery Store

Spartan Nash - dba Family Fare Supermarket

Listing Price: $6,378,200

Cap Rate
5.75%
Tenant Name
Family Fare Supermarkets
Years Remaining On Lease
18.0
Gross SF
48,030
Guarantor
Corporate Guarantee
Rentable SF
48,030
Price/Gross SF
$132.80
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$7.64

Investment Highlights

  • Long term 20 year lease
  • True NNN - zero landlord obligations
  • Corporate guaranteed lease with NNN Ground lease on fuel station
  • A Fortune 400 company, SpartanNash is the 5th largest food distributor in the U.S
  • Overall sales increased 9.5% in 2019-2020 (essential retailer)
  • Long standing brand name, Family Fare is the "go-to" neighborhood grocery store

Investment Overview

This publicly traded company (NASDAQ:SPTN) enjoys revenue of approximately $9.35(Bil). This 20-year NNN grocery store lease and Fuel Station Ground Lease offers a passive investor the opportunity to invest in a true sleep-at-night single tenant. Family Fare is a wholly owned subsidiary of Spartan Nash, which is the largest grocery food staple provider to the military. This particular site benefits from minimal competition and a gas station and C-store that is the only one in several miles that is open until midnight.

Exclusively Listed By

Broker of Record

  • Steven Chaben

    Senior Vice President / Regional Manager

    (248) 415-2600

    License(s): MI: 6502387903

    Michigan

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