Food Lion NNN Property For Sale
This investment opportunity features a net-leased Food Lion property. Food Lion is a leading American grocery store chain operating over 1,000 supermarkets across 10 Mid-Atlantic and Southeastern states. The company was founded in 1957 and is currently owned by Ahold Delhaize, a global leader in the grocery retail sector. The corporate credit rating for Food Lion is S&P: BBB-.
- Asking price $5.00M
- 7.00% cap rate
- NOI $300,000
- 15 years remaining
- NNN lease
- Building size: 38,000 SF
- Lot size: 6.00 acres
- Rent increases: 10% every 5 years
- Guarantor: Corporate
Asset type: Grocery Store