Retail
Albertsons

Albertsons 850 E Loop 820
Fort Worth, TX 76112

  • $14,888,888

    Asking Price

  • $670,003

    NOI

  • 4.50%

    Cap Rate

  • 58,400

    Square Feet

  • 4.89

    Acres

  • 100%

    Occupancy

Offering Summary

Address

  • 850 E Loop 820
    Fort Worth, TX 76112

Pricing

  • Asking Price$14,888,888
  • Price PSF$255
  • Cap Rate4.50%
  • NOI$670,003

Details

  • Property TypeRetail
  • Listing StatusOn Market
  • Square Feet58,400
  • Occupancy100%
  • Acres4.89
  • TenancySingle
  • Lease TypeNNN

Address

  • 850 E Loop 820
    TX 76112

Pricing

  • Asking Price$14,888,888
  • Price PSF$255
  • Cap Rate4.50%
  • NOI$670,003

Details

  • Property TypeRetail
  • Listing StatusOn Market
  • Square Feet58,400
  • Occupancy100%
  • Acres4.89
  • TenancySingle
  • Lease TypeNNN

Description

INVESTMENT SUMMARY

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). 

INVESTMENT HIGHLIGHTS

Strong Credit Tenant & Reported Sales

  • Albertsons Companies is one of the largest corporations in the United States ranking at 52 on the Fortune 500 list
  • Albertsons has reported revenue of over $71.88 billion
  • The lease is fully guaranteed by Albertsons Corporate
  • Second largest traditional grocer in the country
  • Albertson’s reports sales and has seen consistent YOY growth with sales nearly $500 PSF 

Internet and Pandemic Proof Asset
  • Significant sales growth during the COVID-19 pandemic (+27%) with approximately $22.8 billion in sales during the second quarter of 2020
  • Albertsons has a long operating history at this location having opened in 1989

Absolute NNN Asset
  • Fee Simple Ownership (building and land), allowing ownership favorable depreciation 
  • Zero landlord responsibilities 
  • Long term lease coupled with the creditworthiness of the tenant provides a hedge against inflation
  • Appeals to investors seeking safe haven assets in strong and proven markets with good real estate fundamentals

Compelling Lease Term and Growth
  • Recently extended twenty (20) year lease with ±17 years remaining that features 7.5% percent increases every five (5) years 
  • Eight (8), five (5) year options to extend with increases

Offered Free and Clear of Existing Debt
  • The property will be delivered free and clear of existing debt allowing a new investor to purchase all cash or cash to new loan
  • Ideal 1031 exchange property

Deal Team

Kyle Miller

Kyle Miller

Executive Managing Director

310-227-0826 kyle.miller@nmrk.com

CA RE Lic. #01716644

Bill Bauman

Bill Bauman

Vice Chairman

213-298-3593 bill.bauman@nmrk.com

CA RE Lic. #00969493