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Bi-Lo Properties For Sale

    



Interested in Purchasing a BI-LO Property for Investment?

 

If you wish to purchase a BI-LO property for investment, please email  info@nnndeals.com; We have access to an extensive inventory of triple net lease BI-LO Properties for sale in Washington DC, Maryland, Virginia and the entire United States.  

 

 

 

Bi Lo

 

 

 
Price: 

$5M - $10M


Lease Term
:


15 – 20 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate and Franchise
CAP Rate Ranges:
6.5% – 7.50%
Name  Bi-Lo 
Private
Industry Retail (Grocery)
Founded 1961
Headquarters Jacksonville, Florida,United States
Number of locations 
690 (including Winn-Dixie as of December 2011)  [1]
Revenue $3.6 billionUSD(2006)
Owner Lone Star Fundsand lenders
Number of employees 
63,000 (including Winn-Dixie as of December 2011)  [1]
Website bi-lo.com

 

 


About BI-LO: 

 

BI-LO  is a supermarket chain owned by Southeastern Grocersand headquartered in Jacksonville, Florida , United States . As of March 9, 2012, the company operates 207 supermarkets under the BI-LO brand in South Carolina , North Carolina , Georgia  , and Tennessee  , and 485 stores under the Winn-Dixie brand in Florida  ,  Alabama  ,  Louisiana  ,  Georgia  , and Mississippi  . The company employs approximately 63,000 people altogether.[2]Previously the headquarters were in  Mauldin, South Carolina , near Greenville  .[3][4]

 

On March 23, 2009, the company announced that it had filedchapter 11 bankruptcyand intends to use the court-supervised process to address "an upcoming debt maturity." The move was largely due to the current credit crisis. The company said that expects its stores and regular operations to continue to operate as usual during the process. The company secured a $100 million loan from GE Capital in order to continue paying wages, salaries, benefits, suppliers, and vendors.[12][13]In October 2009, Delhaize Group, headquartered in Belgium and owner of competing chainFood Lion, announced that it entered a preliminary, non-binding agreement to purchase $425 million worth of assets from the chain.[14]Shortly after, in November 2009, the company filed plans with the U.S. Bankruptcy Court to restructure, with parent company Lone Star Funds providing a $350 million cash infusion, and Delhaize Group and Food Lion left out of the plans. Lone Star Funds said that it was possible that BI-LO could emerge from bankruptcy in the first quarter of 2010.[15]

 

On May 12, 2010, the company officially emerged from bankruptcy protection, under a plan approved by the U.S. Bankruptcy Court, District of South Carolina.[16]BI-LO, a Supermarket News Top 75 Retailer for 2010, remains under ownership of Lone Star Funds after restructuring.[17][18]BI-LO was reportedly put up for sale in August 2010;Kroger and Publix were said to be interested in acquiring the chain,[19]but nothing ever developed from these rumors.

 

In September 2013, BI-LO agreed to buy 22 Piggly Wiggly stores in South Carolina and Georgia from Piggly Wiggly Carolina. The following day, BI-LO agreed to sell seven BI-LO locations in the Charlotte, North Carolina region to Publix.[20][21]

In July 2015, Southeastern Grocers announced the sale of its 21 BI-LO locations in the Chattanooga market as well as eight BI-LO locations in Northern Georgia to K-VA-T Food Stores, which would rebrand the stores under its Food City banner. The two companies said that stores would begin transitioning August 30 and would be completed by October 5, 2015. Southeastern Grocers would likely use proceeds from the deal to reduce debt. This effectively ends BI-LOs presence in the Tennessee market.[22]

 

Acquisition of Winn-Dixie

On December 19, 2011 it was announced that BI-LO and Winn-Dixie would merge to create an organization with some 690 grocery stores and 63,000 employees in eight states throughout the southeastern United States.[23]BI-LO will purchase Winn-Dixie for USD$530 million, and operate Winn-Dixie as a subsidiary with its stores maintaining the Winn-Dixie name. It was later announced that the merged company would be based at Winn-Dixie's former headquarters in Jacksonville, Florida.[24]In early 2013, BI-LO phased out its own private label soft drinks in its BI-LO stores in favor of the "Chek" brand used by Winn-Dixie.

 

BI-LO Properties For Sale Across the United States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming 



 

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Tenant Reviews

Credit Ratings
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Chevron
Checkers
Chili's
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Circle K
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CKE Restaurants
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H&R Block
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Ihop
Home Depot
J.Crew
Jiffy Lube
Jack in the Box
JC Penney
Jos A. Bank
KFC
Kenneth Cole
Key Bank
Kindercare
Kmart
Kohl's
Kroger
Logan's Roadhouse
Macy's
Lowe's
Mattress Firm
McDonald
Men's Wearhouse
Napa Auto Parts
Nordstrom
Office Max
Office Depot
O'Reilly
Olive Garden
Panera
Publix
Papa John's
Pep Boys
PetSmart
Pier 1 Imports
Pizza Hut
Petco
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Polo Ralph Lauren
Popeyes
Radio Shack
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Texas Roadhouse
Tiffany
TJ. Maxx
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Valero
Verizon
Wachovia
Wawa
Walgreen
Wal-Mart
Wells Fargo
Winn-Dixie
Wendy's
Yum! Brands
Whole Foods