Grocery Store

Natural Grocers | 15-Year NNN Lease | Newer Construction

Listing Price: $6,496,000

Cap Rate
5.65%
Tenant Name
Natural Grocers
Years Remaining On Lease
10.60
Guarantor
Corporate Guarantee
Rentable SF
15,093
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.32

Investment Overview

Natural Grocers, the nation’s largest family-operated natural and organic grocery retailer, has been serving customers since 1955 with 157 stores in 20 states. Its most recent quarterly earnings report announced Net Sales were $277.5 million for the three months ending March 31st, 2020, an increase of $47.1 million, or 20.4% compared to 2019 primarily due to a $42.4 million increase in comparable store sales and a $4.8 million increase in new store sales.

Investment Highlights

  • Strong Corporate (NYSE: NGVC) Guaranteed Essential Asset
  • Stay-at-home order have led a resurgence in grocery shopping with avaerage daily comparable store sales growth of 17%
  • Long-Term NNN Lease and Newer Build-To-Suit Construction

Exclusively Listed By

Financing By

Grocery Store

Natural Grocers | 15-Year NNN Lease | Newer Construction

Listing Price: $6,496,000

Cap Rate
5.65%
Tenant Name
Natural Grocers
Years Remaining On Lease
10.60
Guarantor
Corporate Guarantee
Rentable SF
15,093
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$24.32

Investment Highlights

  • Strong Corporate (NYSE: NGVC) Guaranteed Essential Asset
  • Stay-at-home order have led a resurgence in grocery shopping with avaerage daily comparable store sales growth of 17%
  • Long-Term NNN Lease and Newer Build-To-Suit Construction

Investment Overview

Natural Grocers, the nation’s largest family-operated natural and organic grocery retailer, has been serving customers since 1955 with 157 stores in 20 states. Its most recent quarterly earnings report announced Net Sales were $277.5 million for the three months ending March 31st, 2020, an increase of $47.1 million, or 20.4% compared to 2019 primarily due to a $42.4 million increase in comparable store sales and a $4.8 million increase in new store sales.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower