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Jones Land LaSalle Americas, L.P. is pleased to offer for sale the Fee Simple interest in a freestanding single-tenant Brookshire’s (the “Property” or “Asset”) located in Overton, TX. Brookshire Grocery Company (the “Tenant”) operates on an absolute NNN lease structure including renewal options and no landlord responsibilities. The store has been recently renovated and the lease extended providing further evidence of Tenant’s commitment to this location. Brookshire’s is one of the largest regional grocers in the United States with more than 180 locations. The Subject Property has been serving the Overton community for 36+ years and is the only traditional grocery store within a 10-mile radius, creating a regional draw attracting consumers from a large area. Brookshire’s Overton has strong historical sales performance, a 1% rent to sales ratio and 2020 sales were up 20%.
· Long-Term Absolute NNN Lease with No Landlord Responsibilities
· Recently Renovated and Lease Extended Proving Tenants Commitment to the Location
· Strong Historical Sales Performance – 1% Rent to Sales
· Long Operating History of 36+ Years and Just 23 Miles from Corporate Headquarters
· Rare Opportunity to Acquire High Quality Grocer Far Below Replacement Cost