Lowest Cap Rate
4.93%
Lowest Cap Rate over past 24 months
Average Cap Rate
0.0%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Overview
Safeway is one of the nation's largest grocery store chains in the country. Safeway was founded in 1915 in American Falls, Idaho and has since moved their HQ to Pleasanton, CA. Safeway offers customers a wide variety of grocery items and healthcare needs. With over 1,300 locations in 35 states, Safeway has become a staple in communities across the country. Most of the locations are on the West Coast, Midwest part of the country, and some locations throughout the Mid-Atlantic region. Long leases of 20 years should be expected with a variety of different rent escalations to be built in.
Property & Lease
Average Sale Price$10,000,000 - $25,000,000
Average NOI$500,000 - $1,250,000
Building SF50,000
Lease Term20 Years
EscalationsVaries
Stock SymbolCAPITALCOM:US500
Credit Rating
S&PB+
Moody'sB3
Cap Rate By Region
N/A
4.78
N/A
5.27
N/A
4.88
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
Recent Sales Comps
Auburn, CA5.25%
Chandler, AZ4.93%
Peoria, AZ5.60%
Top Consumer Traffic
San Jose, CA1,700,000
Santa Cruz, CA1,630,000
Kailua-kona, HI1,570,000
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data