Net Lease Trader Joes Property Profile and Cap Rates

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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