Newmark Capital Markets (“Newmark”), as exclusive advisor, is pleased to present the unique opportunity to acquire the fee simple interest in a single tenant, absolute NNN Albertsons located 850 East Loop 820, Fort Worth, TX 76112 (“Property”). The Property features a recently extended lease with Albertsons corporate that commenced in 2019 with an initial expiration date of June 30, 2039 and features eight (8), five (5) year options to extend. Fixed 7.5% increases every five years provides stable growth and a good hedge against inflation. This location reports sales annually and has seen consistent historical growth. Sales are pushing $500 PSF at this location.
Albertsons Forth Worth is located at the John T. White Road exit, just off the Interstate 820 which caters to over 123,000 vehicles per day, with The Home Depot, KFC and Wendy’s located across the street allowing maximum regional access and tremendous drawing power for consumers. The daily needs draw of Albertsons coupled with the close proximity of several QSR’s to the subject site, will support the approximately 230,753 people that reside within a five (5) mile radius.
Albertsons remains the second largest grocery chain in the nation, employing over 250,000 people in 2,276 locations. It is one of the largest corporations in the United States with revenue above $71.88 billion (2021).
Strong Credit Tenant & Reported Sales