Vons

Highlights

• Strong Corporate Guaranty - Corporate backed lease with a guaranty from Albertsons Companies, Inc., one of the largest food and drug retailers in the United States with over 2,200 stores in 34 states.
• Exceptional Sales - This Vons boasts incredible sales volume at $841 PSF and a very low cost of occupancy at 3.6%.
• Zero Management - Long-term absolute NNN lease provides a passive source of income with no management responsibilities and rent increases every 5 years.
• Not on Divesture List - The other Vons location in Long Beach is on the divesture list, and this Vons is not on the list, providing an investor with a strong security of income.
• Coastal Southern California - Located only 6 blocks from the beach in the heart of the high-barrier to entry market of downtown Long Beach. Densely populated area with 225,319 people in a three-mile radius and 6 million visitors every year.
• Favorable Assumable Debt - Below market assumable debt available. Fully amortizing loan at a 4.07% interest rate with 19.5 years of term remaining.

Location

Getting Around

• Walk Score ®

  98/100 Walker's Paradise

• Transit Score ®

  74/100 Excellent Transit

• Bike Score ®

  88/100 Very Bikeable

Points of Interest