Save Mart - Leasehold Retail Portfolio_Property for Sale
Save Mart - Leasehold Retail Portfolio_Property for Sale
CA, US, Americas

Save Mart - Leasehold Retail Portfolio

Portfolio description

Jones Lang LaSalle America, Inc. (“JLL”) is pleased to exclusively present an outstanding opportunity for the sale-leaseback of the leasehold interest in a portfolio of 17 grocery stores (the “Portfolio” or “Properties”) situated at main-and-main locations across Northern California. The Portfolio is being offered as a 20-year sale leaseback to The Save Mart Companies (“Save Mart” or “Tenant”), the leading regional grocer in Northern California. Save Mart was founded in 1952 and operates approximately 200 stores under the banners of Save Mart, Lucky California and FoodMaxx.

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Attributes

Building area gross
71,580 m²
Land area gross
9.36 ha (93,560 m²)
Save Mart - Leasehold Retail Portfolio (17 Properties)
Save Mart - Leasehold Retail Portfolio (17 Properties)

Media

Investment Highlights


  • ABSOLUTE NNN LEASE WITH RENT ESCALATIONS
  • ATTRACTIVE BRAND, SCALE & GEOGRAPHY WITH UPSIDE POTENTIAL
  • BEST-IN-CLASS MANAGEMENT & SPONSORSHIP
  • POSITIVE MACROECONOMIC TAILWINDS STRENGHTENING THE GROCERY INDUSTRY
  • PREMIER SALE LEASEBACK PORTFOLIO OPPORTUNITY WITH PREMIER NORTHERN CALIFORNIA GROCER
  • POSITIONED IN ESTABLISHED, IRREPLACEABLE, COMMUNITY-SERVING LOCATIONS
Save Mart - Leasehold Retail Portfolio 4_Property for Sale
Save Mart - Leasehold Retail Portfolio 4_Property for Sale

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Last updated
24 Oct 2023