{"id":286,"date":"2016-12-06T09:34:46","date_gmt":"2016-12-06T09:34:46","guid":{"rendered":"http:\/\/www.bouldergroup.com\/blog\/?p=286"},"modified":"2016-12-05T18:42:52","modified_gmt":"2016-12-05T18:42:52","slug":"net-lease-natural-grocers","status":"publish","type":"post","link":"https:\/\/www.bouldergroup.com\/blog\/net-lease-natural-grocers\/","title":{"rendered":"Net Lease Natural Grocers For Sale"},"content":{"rendered":"

The Boulder Group is pleased to exclusively market for sale a single tenant net lease Natural Grocers by Vitamin Cottage store located in Clive within the Des Moines metropolitan area.\u00a0 The property is strategically positioned at a signalized intersection along US-6 (Hickman Road) which is the primary east-west thoroughfare in the area for this infill development.\u00a0 Natural Grocers has over 14 years remaining on the lease which expires May 31, 2031. This triple net lease features a rental escalation in the 11th<\/sup> year of the primary term and each four 5-year renewal option periods.<\/p>\n

The 15,000 square foot net lease Natural Grocers property is strategically positioned at the signalized intersection of US-6 (Hickman Road) and 86th Street which experiences traffic counts of 54,100 vehicles per day. US-6 is the primary east-west thoroughfare in the trade area. The property has full movement access points on both major arterials. The property benefits from superior visibility, two 2-tenant monument signs at both access points and monument signage at the intersection for the City of Clive along with Natural Grocer\u2019s signage.\u00a0 There are over 85,000 people living within a three mile radius of the property and the average annual household income exceeds $92,000 within a five mile radius of the property.<\/p>\n

The property features a 20\u2019 x 40\u2019 mural on one side, painted by local artist, Chris Vance. Chris Vance resides in Des Moines and has several commissioned works of art on public display in Des Moines and surrounding areas. This original composition is a colorful and welcome addition to the Natural Grocers store.<\/p>\n

Clive, according to Forbes magazine when comparing home costs around the country, is the best address in the Des Moines MSA.\u00a0 Clive serves as the axis of the western Des Moines suburbs, being located between Urbandale, Waukee and West Des Moines along the major transportation corridors of Interstate 35, Interstate 80 and Interstate 235.\u00a0 The net lease Natural Grocers property is located within two mile of Interstate 235, Interstate 80 and Interstate 35 with easy interchange access.<\/p>\n

The lease is with Vitamin Cottage Natural Food Markets, Inc., a wholly owned subsidiary of Natural Grocers by Vitamin Cottage, Inc.\u00a0 Natural Grocers by Vitamin Cottage is a publicly traded company on the New York Stock Exchange (Symbol: NGVC).\u00a0 Natural Grocers is a rapidly expanding specialty retailer of natural and organic groceries and dietary supplements providing high-quality products at affordable prices.\u00a0 Since 2012, Natural Grocers has seen their annual compound sales grow 24.4%.<\/p>\n

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INVESTMENT HIGHLIGHTS<\/strong><\/p>\n