Kroger Safeway Brochure
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Transcript of Kroger Safeway Brochure
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CapitalMarkets|
N
ationalRetailInvestmentGroup
Capial Markes | Nainal Reail Inesmen GrpAtlanta :: Boston:: Charlotte:: Chicago :: Miami ::Newport Beach :: Washington
The K-S Portfolio
A P r f l i f S p e r m a r k e & B i g B L e a s e l d s A c r s s 11 S a e s
E x E C u t I v E S u M M A R y B R o C h u R E
:: E x C L u S I v E I N v E S t M E N t S A L E o P P o R t u N I t y
Indianapolis, IN Longview, WA Conroe, TX
Springerville, AZLittlerock, AR
San Ramon, CA
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ExECutIvE SuMMaRy
CB Richard Ellis is pleased to offer for sale The K-S Portfolio, a group of 18 single-tenant leasehold assets located
across 11 states. The portfolio is comprised of 13 supermarkets, three big box stores and two available properties
which generate a portfolio level NOI of $1,867,855.
The portfolio is offered for sale without a formal asking price and can be acquired either in its entirety, as sub-
portfolios or as individual properties.
A P r f l i f S p e r m a r k e & B i g B L e a s e l d s A c r s s 11 S a e s
The K-S Portfolio
Each property in The K-S Portfolio is offered for sale
individually or as part of a larger portfolio.
PoRtfolIo ovERvIEw
13 freestanding supermarkets including:
Five Krogers
Five Safeways
One H-E-B Foods
One Homeland Grocery
One Lawrence Brothers IGA
Three big box stores including:
Two Big Lots
One Hobby Lobby
Two available boxes offering signicant upside
potential through releasing/redevelopment
Long-term ground leases allow buyers to control
each property through 2088 (with the exception of
Cincinnati-2059, Indianapolis-2048 and Irving-2059)
The portfolio offers investors strong, stable tenancy
and excellent geographic diversity
15 ground leases include a Purchase Option,
allowing investors to acquire the Fee Interest in
each property at specied future dates
All properties are ground leased at below market
rents which remain xed at current rate throughout
the base term and all extension periods
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#
tENaNt
loCatIoN
CuRRENt lED
BuIlDINGSIzE Sf
BaSERENt
RENtPSf
GRouNDRENt
NoI
1 Kroger Cincinatti,OH January31,2011 32,200 $118,134 $3.67 ($75,000) $43,134
2 Kroger Indianapolis,IN Januar y31,2014 34,000 $136,076 $4.00 ($59,532) $76,544
3 Kroger Irving,TX December31,2018 43,900 $198,000 $4.51 ($0)* $198,000
4 Kroger Batesville,AR January15,2014 29,000 $174,500 $6.02 ($67,497) $107,003
5 Kroger Lit tleRock,AR Januar y15,2014 36,000 $249,500 $6.93 ($109,996) $139,504
6 Safeway Longview,WA Januar y15,2014 48,700 $229,672 $4.72 ($77,798) $151,874
7 Safeway SanRamon,C A Januar y15,2014 54,00 0 $282,20 0 $5.23 ($181,790) $10 0,410
8 Safeway Springer ville,A Z Januar y15,2014 30,500 $155,20 0 $5.09 ($31,101) $124,099
9 Safeway Tucson,AZ January15,2024 55,150 $206,000 $3.74 ($72,104) $133,896
10 Safeway(Dark) Benton,AR January15,2014 33,500 $166,000 $4.96 ($63,000) $103,000
11 LawrenceBrothersIGA Ruidoso,NM Januar y15,2014 38,60 0 $242,50 0 $6.28 ($78,704) $163,796
12 H-E-BFoods Carthage,TX January15,2014 27,700 $120,000 $4.33 ($22,904) $97,096
13 HomelandGrocery Mustang,OK Januar y15,2014 30,200 $132,000 $4.37 ($29,994) $102,006
totAL: $1,540,362
14 BigLots(Sub-leasedfromKroger)
Cary,NC
February2,2019
48,000
$228,000
$4.75
($74,986)
$153,014
15 BigLots Roswell,NM January31,2014 36,300 $190,578 $5.25 ($62,501) $128,077
16 HobbyLobby Conroe,TX January31,2014 75,000 $341,434 $4.55 ($125,207) $216,227
totAL: $497,318
17 Available Tulsa,OK 30,000 $0 $0 ($38,300) ($51,900)**
18 Available Wichita,KS 40,000 $0 $0 ($82,138) ($117,925)**
totAL: ($169,825)
PoRtfolIo MaP & ovERvIEw
GRoCERy aNChoRED
avaIlaBlE
OK
LA
NM NC
VA
AR
KY
IN
CA
MT
NJMD
NY
VTNH
MA
MN
NV
ID
17
10
13
12
1
3
6
7
9
8
5
4
21
11
1
AL
AZ
CO WV
FL
GA
IA
IL
KS
WI
MO
MS
SC
ND
NE
OR
WA
SD
TN
TX
UT
WY
CTPA
ME
MI
OH
i r E lli , I . i i r i i r r li r li l . ri i i k r , rr r r r i i . r i , i i , i r i r r l l
r r rr r r r r r r . r i r l r l, i i i i r r r i r i i i ili r r r r .
ll l i l i r r r ir r i r , l l i i i i i rk r l i il i i l .
ll i r . r : E i r i - ; l ri , I . , I . Fil rk _ r r. r
1.
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5.
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954 E. McM illian Street
680 Twin Aire Drive
2201 W. Grauwyler Road303 St. Louis
614 N. Beechwood Avenue
1227 15th Avenue
2505 San Ramon Valley Blvd
203 S. M ountain Ave
1940 East Broadway Blvd
128 Kilma ne Drive
Cincinatti, OH
Indianapolis, IN
Irving, TXBatesville, AR
Little Rock, AR
Longview, WA
San Ramon, CA
Springerville, AZ
Tucson, AZ
Car , NC
Kroger
Kroger
KrogerKroger
Kroger
Safeway
Safeway
Safeway
Safeway
B i L ots
18
4
15
6
BIG Box
**Includesestimated2011taxes
*Tenantresponsibleforgroundrentpayments
N
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954 E. McMillian Sree :: Cincinnai, oh 45206
32,200SFKrogerfoodstorelocatedapproximatelytwomilesnorthof
downtownCincinnatiandtwomileseastoftheUniversityofCincinnati
inadenselypopulatedresidentialarea.Thepropertyhasexcellent
accessandvisibilitytotheintersectionofGilbertAvenueandE.McMillan
Avenueaswellastheentiretradearea.
Chris Hodge
FirstVicePresident
CB Richard Ellis
201E.FifthStreet
Suite1200Cincinnati,OH45202
lc Brker Cnc
680 twin Aire Drie :: Indianaplis, IN 46203
34,000SF,freestanding,establishedKrogergrocerystorelocated
on9.9acres.Thepropertyisthedominantgrocerintheareaservinga
densepopulationofnearly125,000peoplewithinathree-mileradius.
Donna Hovey
VicePresident317.269.1138
CB Richard Ellis
101W.WashingtonStreetSuite1000East
Indianapolis,IN46204
lc Brker Cnc
2201 W. Grawler Rad :: Iring, tx 75061
43,900SF,single-tenantKrogergrocerystorelocatedinaheavily
populatedareaattheconvergenceofGrauwylerRoad,IrvingBoulevard
andStoryRoadTheKrogerispartofalargeretailareaknownas
PlymouthParkShoppingCenterwhichwasoneoftherstandlargest
retaildestinationsinIrving.
Beth Pierson
Associate972.458.4922
CB Richard Ellis
5430LBJFreewaySuite1100
Dallas,TX75240
lc Brker Cnc
303 Sain Lis Sree :: Baesille, AR 72501
29,000SF,freestandingKrogergrocerystorelocatedonSaint
LouisStreet,isalsoknownasHighway167,aprimarynorth/south
transportationarteryfortheregion.Thepropertyislocatedimmediately
westofLyonCollegeandpossessesexcellentaccesstomajortransitarteries.
John Lamberson
ExecutiveVicePresident
901.260.1060
CB Richard Ellis
2620ThousandOaksBoulevard
Suite4000
Memphis,TN38118
lc Brker Cnc
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614 N. Beecwd Aene :: Lile Rck, AR 72205
KrogerislocatedattheintersectionofBeechwoodandKavanaugh
BoulevardinthepopularHillcrestneighborhoodofLittleRock,AR.
Thepropertyis36,000SFon2.8acresandiscurrentlyundergoing
anextensiverenovationincludingaremodeledfaade.
John Lamberson
ExecutiveVicePresident
CB Richard Ellis
2620ThousandOaksBoulevard
Suite4000Memphis,TN38118
lc Brker Cnc
1227 15 Aene :: Lngiew, WA 98632
48,700SFSafewaywelllocatedintheheartofLongview,WAonthe
mainnorth-southarterialconnectingLongviewandRainier,OR.Safeway
recentlycompletedalifestyleremodelofthestoreandaddedSafeway
Fuelwhichfurthersolidiestheirstakeintheestablishedtradearea.
Brent Tayet
Associate253.596.0053
CB Richard Ellis
1145BroadwayPlazaSuite1000
Tacoma,WA98402
lc Brker Cnc
2505 San Ramn valle Bleard :: San Ramn, CA 94583
54,000SFpropertyleasedtoSafewayandlocatedinthepremier
DiabloPlazashoppingcenterwhichincludesothernationaltenants
suchasCVSPharmacy,Jo-AnnFabricsandMcDonalds.Thepropertyis
locatedinanextremelyafuentsubmarketandwasrecentlyremodeled
intotheirlifestyleformat.
Gleb Lvovich
SalesAssistant(Lic.01496699)
CB Richard Ellis
3501JamboreeRd.
Suite100NewportBeach,CA92660
lc Brker Cnc
203 S. Mnain Aene :: Springerille, AZ 85938
30,500SFpropertyleasedtoSafewaygrocerystorewithinRound
ValleyPlaza,thelargestretailcenterinSpringerville,AZandthe
neighboringtownofEagar.Co-tenantsattheplazaincludeALCOand
FamilyDollar.ThisSafewayservicesmanyneighboringtownsandthereislimitedcompetitionamongregionalgrocers(onewithin35miles).
Claudia Gilbert
SeniorAssociate602.735.5221
CB Richard Ellis
2415E.CamelbackRoadPhoenix,AZ85016
lc Brker Cnc
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1940 E. Bradwa Bleard :: tcsn, AZ 85719
Thesubjectpropertyisa55,150SF,newlyconstructedSafeway
grocerystorelocatedonBroadwayBoulevard,oneofTucsonspremiereastwestarterialsconnectingwithInterstate10.Safewayistheonly
full-linegrocerforastretchofabout10milesalongBroadwayBoulevardandistheclosestgrocertotheUniversityofArizonacampus.
Nancy A. McClure
FirstVicePresident
CB Richard Ellis
3719NorthCampbellAvenue
Tucson,AZ85719
lc Brker Cnc
721 Mecam Drie :: Rids, NM 88345
38,600SFbuildingleasedtoLawrenceBrothersIGAgroceryand
locatedwithinahighlyvisibleshoppingcenter.Othertenantsinthe
centerincludeFamilyDollarandAllenTheaters.Thepropertyisadjacent
toEasternNewMexicoUniversityandislocatedwithintheresortvillage
ofRuidoso.
Seth Nodelman
VicePresident
505.837.4951
CB Richard Ellis6100UptownBoulevard,NE
Suite300Albuquerque,NM87110
lc Brker Cnc
419 Nrwes Lp :: Carage, tx 75633
Thepropertyisa27,700SF,single-tenantbuildingleasedtoH-E-B
grocerystorethatsitsatthemajorretailintersectionofStateLoop436
andStateHighway79.H-E-Bisaprivategroceryoperatorbasedin
southTexasandisthedominantgrocerintheCarthageretailtradearea
Beth Pierson
CB Richard Ellis
5430LBJFreewaySuite1100Dallas,TX75240
lc Brker Cnc
403 N. Main Sree :: Benn, AR 72015
Thepropertyisa33,500SFdarkSafeway(formerlyaHarvestFoods
location)locatedinthepopularbedroomcommunityofBenton,AR
approximately25milessouthwestofLittleRock.Bentonspopulation
growthanddesirabledemographicshavegeneratedanincreased
interestfromnationalretailers.
John LambersonExecutiveVicePresident
CB Richard Ellis2620ThousandOaksBoulevard
Suite4000Memphis,TN38118
lc Brker Cnc
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115 E. higwa 152 :: Msang, oK 73064
30,200SF,single-tenantpropertyleasedtoHomelandFoods,a
regionalgrocerychaininOklahoma.Thepropertyislocatedatoneof
themainintersectionsofthemarketandishighlyvisibletobothMustang
RoadandHighway152.Mustang,OKisapopularbedroomcommunity
boastingsomeofthehighestgrowthratesinthestate.
Mark W. Inman, CPA
SeniorVicePresident
CB Richard Ellis
1200NW63rdStreet
Suite500OklahomaCity,OK73116
lc Brker Cnc
128 Kilmane Drie :: Car, NC 27511
48,000SFformerKrogercurrentlysubleasedtoBigLotslocatedon
ahighlyvisibleseven-acresite.Theareaaroundthesubjectincludes
asolidmixofnationalretailersandrestaurantsandisinahighly
educated,afuentandrapidlygrowingsuburbofRaleigh,NC.
Mike Burkard
SeniorVicePresident
CB Richard Ellis
201S.CollegeStreet
Suite1900Charlotte,NC28244
lc Brker Cnc
2513 N. Main Sree :: Rswell, NM 88201
36,300SF,single-tenantpropertylocatedwithinahighlyvisible
shoppingcenterononeofRoswellsbusiestintersections.Thepropertyis
leasedtoBigLots,thelargestcloseoutretailerintheU.S.Othertenants
inthecenterincludeFactory2-UandRent-A-Center.
Seth Nodelman
VicePresident505.837.4951
CB Richard Ellis
6100UptownBoulevard,NESuite300
Albuquerque,NM87110
lc Brker Cnc
1217 W. Lp higwa 336 :: Cnre, tx 77301
75,000SFbuildingleasedtoHobbyLobby,thenumberthreecraftandfabric
retailerinthecountry.Thepropertyislocatedatthemajorintersectionon
ConroesNorthLoopatInterstate45,providingaregionalconsumerdrawina
well-establishedtradearea.Thepropertyincludesapproximately 4,700SFofretailspaceadjacenttoHobbyLobby,currentlyleasedthroughJanuary2011
toRemcoInsuranceandGraymeiren.
Ryan West
FirstVicePresident713.787.1949
CB Richard Ellis
2800PostOakBoulevardSuite2100
Houston,TX77056
lc Brker Cnc
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thE K-S PoRtfolIo
affIlIatED BuSINESS DISCloSuRE aND CoNfIDENtIalIt y aGREEMENt
CBRichardEllis,Inc.operateswithinaglobalfamilyofcompanies
withmanysubsidiariesand/orrelatedentities(eachanAfliate)
engaginginabroadrangeofcommercialrealestatebusinesses
including,butnotlimitedto,brokerageservices,propertyand
facilitiesmanagement,valuation,investmentfundmanagement
anddevelopment.AttimesdifferentAfliatesmayrepresentvariousclientswithcompetinginterestsinthesametransaction.
Forexample,thisMemorandummaybereceivedbyourAfliates,
includingCBRichardEllisInvestors,Inc.orTrammellCrow
Company.Those,orother,Afliatesmayexpressaninterestin
thepropertydescribedinthisMemorandum(theProperty)
maysubmitanoffertopurchasethePropertyandmaybethe
successfulbidderfortheProperty.Youherebyacknowledgethat
possibilityandagreethatneitherCBRichardEllis,Inc.norany
involvedAfliatewillhaveanyobligationtodisclosetoyouthe
involvementofanyAfliateinthesaleorpurchaseoftheProperty.
Inallinstances,however,CBRichardEllis,Inc.willactinthebest
interestoftheclient(s)itrepresentsinthetransactiondescribed
inthisMemorandumandwillnotactinconcertwithorotherwiseconductitsbusinessinawaythatbenetsanyAfliatetothe
detrimentofanyotherofferororprospectiveofferor,butratherwill
conductitsbusinessinamannerconsistentwiththelawandany
duciarydutiesowedtotheclient(s)itrepresentsinthetransaction
describedinthisMemorandum.
ThisisacondentialMemorandumintendedsolelyforyourlimited
useandbenetindeterminingwhetheryoudesiretoexpress
furtherinterestintheacquisitionoftheProperty.
ThisMemorandumcontainsselectedinformationpertaining
tothePropertyanddoesnotpurporttobearepresentationof
thestateofaffairsofthePropertyortheowneroftheProperty
(theOwner),tobeall-inclusiveortocontainallorpartofthe
informationwhichprospectiveinvestorsmayrequiretoevaluatea
purchaseofrealproperty.Allnancialprojectionsandinformation
areprovidedforgeneralreferencepurposesonlyandare
basedonassumptionsrelatingtothegeneraleconomy,market
conditions,competitionandotherfactorsbeyondthecontrolof
theOwnerandCBRichardEllis,Inc.Therefore,allprojections,
assumptionsandotherinformationprovidedandmadeherein
aresubjecttomaterialvariation.Allreferencestoacreages,
squarefootages,andothermeasurementsareapproximations.
AdditionalinformationandanopportunitytoinspecttheProperty
willbemadeavailabletointerestedandqualiedprospective
purchasers.InthisMemorandum,certaindocuments,including
leasesandothermaterials,aredescribedinsummaryform.These
summariesdonotpurporttobecompletenornecessarilyaccurate
descriptionsofthefullagreementsreferenced.Interestedparties
areexpectedtoreviewallsuchsummariesandotherdocumentsof
whatevernatureindependentlyandnotrelyonthecontentsofthis
Memoranduminanymanner.
NeithertheOwnerorCBRichardEllis,Inc,noranyoftheir
respectivedirectors,ofcers,Afliatesorrepresentativesmake
anyrepresentationorwarranty,expressedorimplied,astothe
accuracyorcompletenessofthisMemorandumoranyofits
contents,andnolegalcommitmentorobligationshallariseby
reasonofyourreceiptofthisMemorandumoruseofitscontents;
andyouaretorelysolelyonyourinvestigationsandinspectionsof
thePropertyinevaluatingapossiblepurchaseoftherealproperty.
TheOwnerexpresslyreservedtheright,atitssolediscretion,to
rejectanyorallexpressionsofinterestorofferstopurchasethe
Property,and/ortoterminatediscussionswithanyentityatany
timewithorwithoutnoticewhichmayariseasaresultofreviewofthisMemorandum.TheOwnershallhavenolegalcommitmentor
obligationtoanyentityreviewingthisMemorandumormakingan
offertopurchasethePropertyunlessanduntilwrittenagreement(s
forthepurchaseofthePropertyhavebeenfullyexecuted,
deliveredandapprovedbytheOwnerandanyconditionstothe
Ownersobligationsthereinhavebeensatisedorwaived.
ByreceiptofthisMemorandum,youagreethatthisMemorandum
anditscontentsareofacondentnature,thatyouwillholdand
treatitinthestrictestcondenceandthatyouwillnotdisclosethis
Memorandumoranyofitscontentstoanyotherentitywithoutthe
priorwrittenauthorizationoftheOwnerorCBRichardEllis,Inc.
YoualsoagreethatyouwillnotusethisMemorandumoranyofitscontentsinanymannerdetrimentaltotheinterestoftheOwneror
CBRichardEllis,Inc.
IfafterreviewingthisMemorandum,youhavenofurtherinterest
inpurchasingtheProperty,kindlyreturnthisMemorandumtoCB
RichardEllis,Inc.
CBRE,CBRICHARDELLIS,andtheCBRECBRICHARDELLISlogo
areservicemarksofCBRichardEllis,Inc.and/oritsafliatedo
related companies in the United States and other countries. A
other marksdisplayedonthisdocumentarethepropertyofthei
respectiveowners.
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CapitalMarkets|
N
ationalRetailInvestmentGroup
CB RiC haRd ellis 33 a RCh st Reet, flooR 28 Boston, M assaChus etts 02110 617.912.7000, fax 617.912.7001 www.CBRe-ne.
2010 CB Ricard Ellis, Inc. Theinformationabovehasbeenobtainedfromsourcesbelievedreliable.Whilewedonotdoubtitsaccuracy,wehavenotverifieditandmakenogua
warrantyorrepresentationaboutit.Itisyourresponsibilitytoindependentlyconfirmitsaccuracyandcompleteness.Anyprojections,opinions,assumptionsorestimatesusedareforexa
onlyanddonotrepresentthecurrentorfutureperformanceoftheproperty.Thevalueofthistransactiontoyoudependsontaxandotherfactorswhichshouldbeevaluatedbyyourtax,f
andlegaladvisors.Youandyouradvisorsshouldconductacareful,independentinvestigationofthepropertytodeterminetoyoursatisfactionthesuitabilityofthepropertyforyourneed
CBRE,CBRICHARDELLISandtheCBRECBRICHARDELLISlogoareservicemarksofCBRichardEllis,Inc.and/oritsaffiliatedorrelatedcompaniesintheUnitedStatesandothercounAll th k di l d thi d t th t f th i ti
.cbr.cm/K-sprFor more information please visit:
PORTFOLIOMARKETING
:: Cris angene
ExecutiveVicePresident
617.912.7062
:: Jim Kr
ExecutiveVicePresident
617.912.7015
:: Bi Mn
ExecutiveVicePresident
617.912.7029
:: N hed
VicePresident
617.912.7021
ARIZONA
SPRINGERvIllE
:: Cdi Giber
SeniorAssociate
602.735.5221
tuCSoN
:: Nnc a. McCre
FirstVicePresident
520.323.5117
ARKANSAS
:: Jn lmbersn
ExecutiveVicePresident
901.260.1060
CALIFORNIA
:: Geb lic
Director
Lic.01496699
949.725.8694
INDIANA
:: Dnn he
VicePresident
317.269.1138
KANSAS
:: Dg Mne
Associate
J.P.Weigand&SonsInc
316.292.3938
NEWMEXICO
:: Se Ndemn
VicePresident
505.837.4951
NORTHCAROLINA
:: Mike Brkrd
SeniorVicePresident
704.331.1205
OHIO
:: Cris hdge
FirstVicePresident
513.369.1603
OKLAHOMA
MuStaNG
:: Mrk Inmn
SeniorVicePresident
405.272.5326
tulSa
:: Ricrd Mngn, CCIM
VicePresident
918.392.7221
richard.monaghan@cbreok.
TEXAS
CaRthaGE & IRvING
:: Be Piersn
Associate
972.458.4922
CoNRoE
:: Rn wes
FirstVicePresident713.787.1949
WASHINGTON
:: Bren te
Associate
253.596.0053
