Lowest Cap Rate
5.15%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.05%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.49%
Average Cap Rate over previous quarter
Average Quarter Cap Rates calculated over prior full quarter, irrespective of term length
Overview
Safeway is one of the nation's largest grocery store chains in the country. Safeway was founded in 1915 in American Falls, Idaho and has since moved their HQ to Pleasanton, CA. Safeway offers customers a wide variety of grocery items and healthcare needs. With over 1,300 locations in 35 states, Safeway has become a staple in communities across the country. Most of the locations are on the West Coast, Midwest part of the country, and some locations throughout the Mid-Atlantic region. Long leases of 20 years should be expected with a variety of different rent escalations to be built in.
Property & Lease
Sales Price Range$10,000,000 - $25,000,000
NOI Range$500,000 - $1,250,000
Building SF50,000
Lease Term20 Years
EscalationsVaries
Stock SymbolNYSE:ACI
Credit Rating
S&PBB+
Moody'sBa2
Cap Rate By Region
Average regional cap rates calculated over past 24 months, irrespective of term length
N/A
N/A
N/A
5.15
6.49
5.88
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
Recent Sales Comps
Rancho Cordova, CA6.50%
Loveland, CO6.49%
Florence, AZ5.15%
Top Consumer Traffic
Honolulu, HI2,140,000
Ewa Beach, HI2,010,000
Kailua-kona, HI2,009,000
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
