Natural Grocers | Single Tenant NNN Lease
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||Net Leased Investment (NNN), Investment
||Cash to Seller
Overview / Comments
Natural Grocers is an expanding specialty retailer of natural, organic groceries, body care products and dietary supplements. It currently operates 156 stores in 20 states, with three new stores opening so far in fiscal 2020 and six stores opened in fiscal year 2019. Natural Grocers by Vitamin Cottage trades on the New York Stock Exchange (NYSE) under the ticker symbol “NGVC.” Natural Grocers does not sell products that are known to contain artificial colors, flavors, preservatives or sweeteners or partially hydrogenated or hydrogenated oils. In addition to grocery sales, Natural Grocers provides free nutrition education, including a nutritional health coach in every store.
The subject property is visible to 50,300 VPD and is located at the primary retail intersection which boasts a Smith’s grocery store, Walgreens, CVS, ACE Hardware, Starbucks, Verizon and Walmart Neighborhood Market. The subject is also approximately ½ mile north of an Intel manufacturing facility (Fab 11x) which is one of the largest semiconductor fabrication plants in the world and a current employment of over 2,500 running 24 hours per day.
The subject property is 13,847 sf and is a freestanding building on 1.30 acres allowing for maximum exposure, ease of customer access, and ample onsite parking.
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