Safeway Grocery - Rancho Cordova, CA

Jones Lang LaSalle (“JLL”), as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in the Safeway grocery store (the “Property”) located in Rancho Cordova, CA (Sacramento MSA). The Property is situated along Folsom Blvd (25,000 VPD) directly adjacent to a Walmart Supercenter. This high-performing location attracts nearly one million customers annually and generates roughly $700/SF in sales, equating to a 2.50% health ratio. As a testament to Safeway’s success and commitment to this location, the grocer recently exercised a 5-year extension option which includes a 5% rent bump effective in December 2025. Additionally, Safeway invested $3 million into site renovations and upgrades. In 2022 the building underwent a full roof replacement which includes an assignable warranty. Located just 10 miles east of downtown Sacramento, Rancho Cordova is one of the fastest growing communities in California.

This offering provides investors with an opportunity to acquire a premier retail asset with long-term cash flow backed by industry-leading tenancy and irreplaceable real estate fundamentals in a core California market.