Net Lease Fresh Thyme Property Profile

Net Lease Fresh Thyme – Typical Property and Lease Terms

 

Price Range:	$8 mm - $16 mm
Cap Rate:	6.30%
Net Income:	$600,000-$900,000
Price Per foot:	$350 PSF
Building Size:	29,000 SF
Lot Size:	3 Acres
Escalations:	10% every 5 Years
Lease Term:	15 Years
Lease Type:	NN
Credit Rating:	Private

 

Tenant Company Information:

Fresh Thyme Farmers Market is a full-service specialty grocer that offers fresh, healthy, natural and organic products at affordable prices. It’s stores combine the spirit of a weekend farmers market and the convenience of a neighborhood store with the nutritious offerings of a natural food marketplace. About 40%-50% of sales from Fresh Thyme’s 28,000 sq ft stores are from perishable products. The remaining sales come from organic bulk items, healthy frozen foods, wine, craft beers, vitamins/supplements, natural body care products, and other specialty items. The company is scheduled to open 60 stores and create around 5,000 new jobs throughout the midwest by 2019.

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