Asking Price
NOI Net Operating Income
Cap Rate
Asking Price
NOI Net Operating Income
Cap Rate

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Key Facts

Year Built 2001
Lease Type NNN
Current / Passing Rent
Lease Expiration 2035-02-28
Remaining Term 14 years, 8 months
Tenant Albertsons Companies, Incorporated
Building Area
Land Area

Property Description

JLL is pleased to exclusively present an outstanding opportunity to purchase a recently leased 48,239 square foot Albertsons. It is one of the largest food and drug retailers in the U.S. The property is located in the northeast corner of Oregon in Baker City and benefits from its proximity to Interstate 84 and the Union Pacific Railroad mainline. Many national brand retailers, such as US Bank, McDonald’s, Pizza Hut, Shell Gas and Best Western are in close proximity to this location.


Albertsons is the 3rd largest Private Company (Forbes) and the 2nd largest Supermarket Chain in the nation. The entity on the lease is Safeway, Inc., a wholly owned subsidiary of Albertsons Companies, Inc. Most recent grocery lease comparable In Baker City was $18.61 per square foot annually compared to the subject lease rate of $7.85 per square foot.

Investment Highlights

  • Fee simple interest
  • With $60.5 billion in revenue and over 2,200 locations
  • Absolute NNN lease, offering true passive ownership and no landlord responsibilities
  • Remaining lease term of 15+ years. with 2% annual rental increases
  • Rent is well below market
Adam Friedlander
Adam Friedlander
Director, Capital Markets
Licensed in
CA - 1806555
Nick Kassab
Nick Kassab
Senior Director, Capital Markets
Licensed in
109121 200702090

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