Grocery Store

Natural Grocers

7208 Slide Rd, Lubbock, TX 79424

Listing Price: $6,295,935

Cap Rate
6.50%
Tenant Name
Natural Grocers
Years Remaining On Lease
7.90
Guarantor
Corporate Guarantee
Rentable SF
15,293
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.76

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 must met strict quality guidelines. The grocery products sold by Natural Grocers do not contain artificial colors, flavors, preservatives or sweeteners, or partially hydrogenated or hydrogenated oils. The Company sells only USDA certified organic produce and exclusively pasture-raised, non-confinement dairy products. Natural Grocer’s flexible smaller-store format (5,000 - 16,000 square feet) allows it to offer affordable prices in a shopper-friendly retail environment. The Company also provides extensive free science-based nutrition education programs to help customers make informed health and nutrition choices. Lubbock’s nickname, “Hub City”, derives from it being the economic, educational, and health care hub of the multi-county region, north of the Permian Basin and south of the Texas Panhandle, commonly called the South Plains. The area is the largest contiguous cotton-growing region in the world.

Investment Highlights

  • ~8 Years Remaining on Corporate Lease Term
  • Next Rent Increase Occurs in 2023
  • 202,243 Residents within a 5-Mile Radius - Growing Lubbock Trade Area

Exclusively Listed By

Listing Price: $6,295,935

Cap Rate
6.50%
Tenant Name
Natural Grocers
Years Remaining On Lease
7.90
Guarantor
Corporate Guarantee
Rentable SF
15,293
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.76

Investment Highlights

  • ~8 Years Remaining on Corporate Lease Term
  • Next Rent Increase Occurs in 2023
  • 202,243 Residents within a 5-Mile Radius - Growing Lubbock 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 must met strict quality guidelines. The grocery products sold by Natural Grocers do not contain artificial colors, flavors, preservatives or sweeteners, or partially hydrogenated or hydrogenated oils. The Company sells only USDA certified organic produce and exclusively pasture-raised, non-confinement dairy products. Natural Grocer’s flexible smaller-store format (5,000 - 16,000 square feet) allows it to offer affordable prices in a shopper-friendly retail environment. The Company also provides extensive free science-based nutrition education programs to help customers make informed health and nutrition choices. Lubbock’s nickname, “Hub City”, derives from it being the economic, educational, and health care hub of the multi-county region, north of the Permian Basin and south of the Texas Panhandle, commonly called the South Plains. The area is the largest contiguous cotton-growing region in the world.

Exclusively Listed By

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