The tenant has executed a 20-year Absolute NNN lease through February 2035 with 2% annual rent escalations. This rare investment opportunity provides long term, passive cash flow with no landlord responsibilities.
Albertson's Companies Inc. is an American grocery company founded and based in Boise, Idaho since 1939. Albertsons is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. The company operates 2,200+ across 33 states and the District of Columbia under 18 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, ACME Markets, Tom Thumb, Randalls, United Supermarkets, Pavilions and Star Market and Carrs.