Safeway

Interested in selling your Safeway NNN property or Safeway ground lease property and was wondering what you can get for it in today’s changing market?

Contact us for a complimentary broker opinion of value for your off-market Safeway NNN property for sale or Safeway ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Safeway NNN property or the inclusion of a Safeway ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Safeway properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.

Number of locations

As of January 2023, Safeway operates over 1,300 stores across the United States and has a significant presence in various states.

Revenue and income

In 2022, Safeway reported a total revenue of $26.5 billion. The net income for the same period was $1.2 billion.

Future plans

Safeway has strategic plans for the expansion and enhancement of its services. In 2023, the company aims to open several new stores and invest in technological advancements to improve customer experience.

Corporate vs. franchise

Safeway primarily operates under a corporate model, with most company-owned stores. The company does not extensively franchise its stores.

Additional information Safeway Properties

Safeway has a long history, dating back to its founding in 1915 American Falls, Idaho.
The company is known for its commitment to quality and customer satisfaction in grocery retail.
Safeway offers a wide range of products, including fresh produce, groceries, and household items.
Safeway is part of the Albertsons Companies, one of the largest food and drug retailers in the United States.

Safeway History

Safeway, one of the largest grocery store chains in the United States, has a rich history dating back to 1915. With the help of his five sons, Marion Barton Skaggs started the first Safeway store in American Falls, Idaho. “Safeway” reflects the store’s commitment to providing safe, quality products. Over the years, Safeway expanded through both organic growth and acquisitions. The company introduced innovations such as pre-packaged produce and the first supermarket-style store. Safeway’s growth continued through mergers and acquisitions, making it a prominent player in the grocery retail industry.

Why Invest in Ground Lease and NNN Lease of Safeway?

Investing in Safeway’s ground lease and triple net (NNN) lease properties presents compelling reasons:

1) Safeway NNN Property Investment: Stable income

Safeway’s status as a major grocery retailer ensures stable and consistent income streams. Ground and NNN leases offer investors predictable cash flows over an extended period.

2) Safeway NNN Property Investment: Established tenant

Being a well-known and established grocery brand, Safeway minimizes the risk of vacancy or lease default, providing stability for property owners.

3) Safeway NNN Property Investment: Low management responsibility

In-ground and NNN leases, tenants typically handle property maintenance and expenses, reducing the landlord’s management obligations.

4) Safeway NNN Property Investment: Favorable lease terms

Long lease terms with built-in rent escalations contribute to predictable income and potential rental growth for investors.

5) Safeway NNN Property Investment: Real estate value

Safeway’s strategic locations in high-traffic areas contribute to potential increases in property value, offering opportunities for capital appreciation.

Pros and Cons of Safeway Ground Lease and NNN Lease Investment

Pros:

1. Stable income from a major grocery retail brand.
2. Established tenant minimizes vacancy and lease default risks.
3. Limited management responsibility for landlords.
4. Long lease terms provide stability and potential income growth.

Cons:

1. Lease renewal risk when the term expires.
2. Dependency on Safeway’s success and operational challenges.
3. Market saturation and competition may impact profitability.
4. Limited control over property decisions.
5. Economic and market risks inherent in real estate investments.

Conducting thorough due diligence considering location, lease terms, tenant strength, and investment strategy is crucial. Seek guidance from real estate professionals and financial advisors to align with your investment goals and risk tolerance.