Net Lease Food Lion Property Profile and Cap Rates

Net Lease Food Lion – Typical Property and Lease Terms

 

Price Range:	$2 mm - $8 mm
Cap Rate:	6.50% - 7.50%
Net Income:	$300,000
Price Per foot:	$100 PSF
Building Size:	38,000 SF
Lot Size:	6 Acres
Escalations:	10% every 5 years
Lease Term:	15 Years
Lease Type:	NNN & NN
Credit Rating:	S&P: BBB-

 

Tenant Company Information:

Food Lion is an American grocery store chain headquartered in Salisbury, North Carolina,[1][2] that operates over 1000 supermarkets in 10 states of the Mid-Atlantic and Southeastern United States, employing over 63,000 people.[3] It was founded in 1957 as Food Town, a single grocery store in Salisbury. It later expanded to many locations across North Carolina. It was independently operated until it was acquired by the Belgium-based conglomerate Delhaize Group in 1974.[4][5]. In 1983, the company changed its name and branding to Food Lion to allow it to expand into regions where Food Town was already in use by unrelated stores. Following further mergers and acquisitions, Food Lion, LLC. is currently owned by Ahold Delhaize.

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