DOMINANT REGIONAL GROCER | 5TH LARGEST SUPERMARKET CHAIN IN THE U.S.
Winn-Dixie Stores, Inc. is a privately held subsidiary of Southeastern Grocers, LLC the 5th largest conventional supermarket chain in the US. The Company has 575 grocery stores (approximately 473 of which are Winn-Dixie), operating under the banners Winn-Dixie, Bi-Lo, Harvey’s and Fresco y Mas. The Company operates in AL, FL, GA, LA, MS, NC, & SC.
CORPORATE GUARANTY | LONG TERM NNN LEASE | ZERO LANDLORD OBLIGATIONS
The Subject Property features an absolute triple net lease, with zero landlord obligations, and a Corporate Guaranty from Winn-Dixie Stores, Inc. The tenant operates under a long term lease and has six (6), five (5) year options to extend. The lease features fixed rental increases, providing income growth and a hedge against inflation.
STRONG STORE SALES | HEALTHY RENT-TO-SALES RATIO
Winn-Dixie has strong annual sales at the Subject Property and its Rent-to-Sales Ratio of less than 3% demonstrates the strength of the location and long term viabil ity of the tenant.
STRONG DEMOGRAPHICS | DESIRABLE RETAIL TRADE AREA
The Subject Property is highly visible and strategically positioned along Coursey Blvd (34,118 VPD), in the affluent eastern Baton Rouge suburb of Parkview East. Within 5 miles of the Subject Property, there are 149,898 people with an average household income of $89,008. Additional retailers in the trade area include Raising Cane’s, Walgreens, Burger King, Outback Steakhouse, Smoothie King, McDonald’s, CVS, Jiffy Lube and Celebrity Theatres Baton Rouge.
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The information contained herein has been obtained from sources deemed reliable or implied, is made with respect to such information. Terms of sale or lease and availability are subject to change or withdrawal without notice.