Super 1 Foods Grocer | Absolute NNN Lease | Early Lease Extension

204 Northwest Blvd, Franklin, LA 70538, USA
$2,691,150

Description

Marcus & Millichap is pleased to present for sale a Super 1 Foods Single Tenant Grocer in Franklin, Louisiana. Super 1 Foods, a Regional Grocer with 30 Locations, occupies 46,600 Square Foot Building on a large 4.28 Acre Site. This Super 1 Foods is situated in the “Center of Town” with nearby retailers including WalMart, Walgreens, Popeyes, O’Reilly and Capital One Bank.
Franklin, Louisiana, named for Benjamin Franklin, was founded in 1808 by French-born pioneer Joseph Carlin and his family. It became the parish seat in 1811 and the town was incorporated in 1820. There are numerous traffic drivers to this Grocery Store including Franklin Foundation Hospital, numerous home and apartment communities, and Hansen Memorial High School.
Super 1 Foods is a Regional Grocery Chain under the umbrella of Brookshire Grocery Company which operates more than 180 Grocery Stores including Brookshire’s, Super1 Foods, Spring Market and FRESH by Brookshire’s.

  • Absolute NNN Lease (No Landlord Responsibility)
  • Large 46,600 Square Building on a 4.28 Acre Parcel Of Land
  • Early Lease Extension Showing Strong Commitment to the Site
  • +/- 7 Years Remain on the Base Term of the Lease with multiple Five Year Extensions to Renew
  • Super 1 Foods is an Essential Retailer Paying Rent

Property Documents

  • Super1Foods-Franklin-LA-om-ib
  • City: Franklin
  • State/county: Louisiana
  • Zip/Postal Code: 78538
  • Country: United States

Detail

  • Price: $2,691,150
  • Year Built: 1993

Additional details

  • CAP RATE: 8.00%
  • NOI: $215,292

Features