Property details

Whole Foods Market Net Lease Property For Sale, Northeast Region

Property Description


Whole Foods Market Net Lease Property For Sale

Trophy Location

S&P Investment Grade Tenant

This is an Off-Market, Confidential, Controlled and Deliverable Property.

Brand New Whole Foods

Irreplaceable Location with complete barriers to entry.

Located in the heart of a very affluent area.

Demographics are very impressive.

20-Year Primary Lease Term

Six 5-Year Options

10% increases every 5 years, including in the Primary Term and in the Options

Located in the best location an owner could ever want

Located on a major artery.

The State shown is representative only. The Actual location will be provided to qualified buyers. Located in one of the following Northeastern States: Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont, Washington D.C.






About the Tenant

Whole Foods Market Inc. is an American supermarket chain exclusively featuring foods without artificial preservatives, colors, flavors, sweeteners, and hydrogenated fats. It is the United States' first certified organic grocer, which means it ensures, to National Organic Program standards, organic integrity of the heterogeneous products from the time they reach stores until they are placed in a shopping cart. It opened on September 20, 1980, in Austin, Texas, its current headquarters. As of September 2015, it has 91,000 employees and 431 supermarkets in the United States, Canada, and the United Kingdom,[1] and has its main produce procurement office in Watsonville, California.

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Highlights

Status:
Available
Price:
$25,890,000
Cap Rate:
4.50%
Rent Increases:
10% increases every 5 years, including in the Primary Term and in the Options
 

Property Information

Property Type:
Net Lease
Industry Type:
Grocery - Supermarket
Units/Spaces:
1
Year Built:
2016
Purchase Tenure:
Fee Simple
 

Lease information

Tenant:
Whole Foods Market
Lease Type:
NN
Lease Commencement:
01/01/2017
Lease Expiration:
12/31/2037
Lease Term:
20 years
Lease Remaining:
20.4 years
Landlord Responsibilities:
NN - Roof & Structure
Options:
Six 5-Year Options
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.