Ruler Foods | Kroger Co Corporate Guaranteed Lease (NYSE: KR)

The Snyder Carlton National Net Lease Team is pleased to offer to investors an excellent opportunity to acquire the single tenant net leased Ruler Foods in St Ann, MO (St. Louis MSA).  Ruler Foods is a subsidiary of Kroger (NYSE: KR) which is the Nation’s largest grocer with nearly 2,800 stores in 35 states and has a market cap exceeding $44 billion. The tenant has recently extended the lease, exhibiting the strength and success of this location.  There are 4.9 lease years remaining in the first option period with two additional 5-year option periods.  At the commencement of the option periods, rent is increased by ~9.5% providing inflation resistant cash flows. 

The 18,000 SF building on 1.37-acre parcel is strategically located on the hard corner signalized intersection of St Charles Rock Road and Addie Road which has a combined traffic count exceeding 39,900 VPD and prospers from great visibility and ingress/egress. The subject property is positioned as an outparcel to Menard’s Home Improvement Store and is adjacent to The Crossing at Northwest, a 900,000 SF Mixed use commercial center.  Additionally, St. Louis Lambert Internation, which sees over 15 million passengers annually, is within 1.5 miles from the subject property.  Nearby retailers include The Home Depot, Menard’s, ALDI, Schnucks, Walgreen, Regions Bank, McDonald’s, Raising Cane’s, Starbucks, Jack in the Box, and more. 

This is a great opportunity to purchase a net leased grocery store backed by Kroger with long term occupancy, a corporate guaranty, multiple option periods and limited landlord responsibilities, creating internet resistant income for years to come.

Available