Net Lease Trader Joes Property Profile and Cap Rates Date May 6, 2020
Net Lease Trader Joes – Typical Property and Lease Terms
Price Range: | $3.5M - $8M |
Cap Rate: | 5.25% |
Net Income: | $200,000-400,000 |
Price Per foot: | $300 PSF - $600 PSF |
Building Size: | 12,500 SF |
Lot Size: | 1 Acres |
Escalations: | 10% Every 5-Years |
Lease Term: | 15 Years |
Lease Type: | NN |
Credit Rating: | NR |
Tenant Company Information:
Trader Joe’s is an American chain of grocery stores headquartered in Monrovia, California. By 2015, it was a competitor in “fresh format” grocery stores in the United States.[5][6] By November 2019, Trader Joe’s had over 503 stores nationwide in 42 states and Washington, D.C.[1]
The first Trader Joe’s store was opened in 1967 by founder Joe Coulombe in Pasadena, California.[7] It was owned by German entrepreneur Theo Albrecht[8] from 1979 until his death in 2010, when ownership passed to his heirs.[9] Albrecht’s family also owns the German supermarket chain ALDI Nord,[10] to which Trader Joe’s belongs. Another Aldi company, Aldi Süd, also operates in the U.S., but uses the Aldi name and logo. The company has offices in Monrovia, and Boston, Massachusetts.
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