Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

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Attributes

Year Built 1975
Building Area Gross
Occupancy 100.0 %

Asset Description

Jones Lang LaSalle Americas, L.P. is pleased to offer for sale the Fee Simple interest in a freestanding single-tenant Brookshire’s (the “Property” or “Asset”) located in Sweetwater, TX. Brookshire Grocery Company (the “Tenant”) operates on an absolute NNN lease structure with no landlord responsibilities and 11.5 years of term remaining. The store is undergoing a $5M renovation and the lease was just extended providing further evidence of the Tenant’s commitment to this location. Brookshire’s is one of the largest regional grocers in the United States with 200 locations. The Property has been serving the Sweetwater community for 29 years and has a strong operating history with a 2021 health ratio of 1.3%. The Asset is located along the main thoroughfare in Sweetwater near the local demand drivers and largest retailers in the area. This offering presents the unique opportunity to acquire a long-term investment leased to a leading grocery operator.

Investment Highlights

  • Features an absolute NNN lease with 11.5 years remaining
  • The store is undergoing a $5M renovation demonstrating the Tenant’s commitment to the site
  • Brookshire's has operated at the site for 29 years and recently signed a new 10-year renewal
  • Brookshire’s has a strong sales at this location and 2021 sales are up 13% over 2019
  • The tenant has a below market rent presenting an investment opportunity far below replacement cost
  • Brookshire's is one of the largest regional grocers in the nation with over 200 locations in four states
  • Asset is located along East Broadway Avenue (10K VPD), the most traveled thoroughfare in Sweetwater
Last Updated Date: 13 Jun 2022

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Last Updated Date: 13 Jun 2022

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