CSRA Grocery Portfolio I, DST

4291

Property ID

Description

Each property is anchored by Food Lion, a subsidiary of Delhaize Group (NYSE: DEG), an international company with an S&P rating of BBB-/A-3. Food Lion operates more than 1,100 supermarkets in 10 Southeastern and Mid-Atlantic States.

Delhaize Group’s U.S. revenues rose 6.6 percent during 2014, equal to approximately $1.1 billion  Get  more detail at  https://1031sponsors.com/1031-dst-properties-list/csra-grocery-portfolio-i-dst/

  • Grocery-Anchored Shopping Centers: Food strategy – Food Lion is a necessity retailer with strong store sales.
  • Strong Anchor Tenant: Food Lion is owned by Delhaize America, the U.S. division of Delhaize Group (NYSE: DEG), which has an S&P rating of BBB-/A-3.
  • Long-Term Anchor Leases: Food Lion, the anchor tenant, recently signed new 10-year leases.
  • Triple Net Leases: Tenants are responsible for the payment of taxes, insurance, maintenance, and repairs, protecting investor distributions from future inflation.
  • Strong Locations: The properties are in growing markets with strong Food Lion brand recognition.

Address

Address: Food Lion, a necessity retailer in North and South Carolina
  • Province / State: South Carolina
  • City / Town: North Augusta
  • Postal code / ZIP: 29860
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  • Property ID 4291
  • Price $14,490,000
  • Property Type Retail
  • Property status For Sale
  • Label Updated

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Contact

Lisa Taylor

Property Seller
888-876-6005
sale@1031sponsors.com
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