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Corp. Backed Largest Grocery Co-Op: 8.00% CAP 2200 June Pky 54,308 SF Retail Building Zanesville, OH 43701 $6,790,000 ($125.03/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Reduced!! Single-Tenant Grocery Inv Opportunity: Riesbeck’s: Full Corp. Guaranty w/ Associated Wholesale Grocers (AWG), Largest Co-Op in USA
- Associated Wholesale Grocers (AWG): Over $12.3 Billion in Annual Sales with Over 3,400 Locations
- One of Top Sales Locations in Entire Chain According to Placer.ai Report | Excellent Frontage & High Traffic (35k VPD) at Signalized Corner Location
- Absolute NNN with ZERO Responsibilities: Tenant Responsible for Roof and Structure with Build-to-Suit Location (2001) on Over-Sized 7.47-Acre Parcel
- Attractive, Reduced 8% CAP: 9 Years of Term Remaining with Strong Commitment and Success Having 33 Years of Committed Tenancy
- Positive Sale Growth Trend with Year-Over-Year Increase: 30% Sales Growth Since 2019 and 6% Year-Over-Year Sales Growth
EXECUTIVE SUMMARY
Reduced to Attractive 8% CAP: 9 Years of Term Remaining with Strong Commitment and Success Having 33 Years of Committed Tenancy
Single-Tenant Grocery Investment Opportunity: Riesbeck’s Food Market with Full Corporate Guarantee by Associated Wholesale Grocers (AWG), the Largest Cooperative Food Wholesaler to Supermarkets and Grocery Stores in the United States
AWG: Over $12.3 Billion in Annual Sales with Over 3,400 Locations
Absolute NNN with ZERO Responsibilities: Tenant Responsible for Roof and Structure with Build-to-Suit Location (2001) on Over-Sized 7.47-Acre Parcel
One of Top Locations for Sales in Entire Chain According to Placer.ai Report
Positive Sale Growth Trend with Year-Over-Year Increase: 30% Sales Growth Since 2019 and 6% Year-Over-Year Sales Growth
Highly Visible with Excellent Frontage and High Traffic (Approx. 35,000 VPD) at Signalized Corner Location Directly In Front of the Store at Main Intersection
Riesbeck’s Food Market’s Chain Operating for Over 98 Years with 16 Regional Locations
Growing City with Grocery Necessity: Ideal Demographics with Average Household Incomes of Approximately $73,000 Within a 5-Mile Radius
Advantageous Location 52 Miles East of Columbus (Currently the 14th Most Populous City in the United States): Part of the Columbus-CSA with Over 2.51M People and One of the Fastest Growing MSAs in the Country
Surrounded by Rooftops, Other Complimentary Users and Retailers (BMV, Zane Plaza Shopping Center, Sheetz, Huntington Bank & More) Restaurants and Schools
Largest Regional Employer Located in Zanesville: Genesis Hospital, Part of the Genesis Healthcare System (4,000+ System-Wide Employees) with 260-Beds, 2,800 On-Site Employees Supports Zanesville and the Surrounding Communities
Direct Vicinity of Major Employers: Halliburton (560 Employees), Bimbo Bakery (450 Employees), Owens-Illinois, Inc. (400+ Employees), Dollar General Distribution Center (Approx. 950 Employees), AutoZone Distribution Center (650 Employees), Muskingum County Government (Zanesville County Seat = 940 Employees), Spectrum Call Center (560+ Employees), Shelly & Sands (500 Employees), Along with Strong Presence from Nestle Purina, Fanatics Inc., Ridge Corporation, Cleveland Cliffs Inc., Avon, Inc., and Kellogg’s
Zanesville Named “Second Most Charming Small Town in USA” and #4 in North America
Single-Tenant Grocery Investment Opportunity: Riesbeck’s Food Market with Full Corporate Guarantee by Associated Wholesale Grocers (AWG), the Largest Cooperative Food Wholesaler to Supermarkets and Grocery Stores in the United States
AWG: Over $12.3 Billion in Annual Sales with Over 3,400 Locations
Absolute NNN with ZERO Responsibilities: Tenant Responsible for Roof and Structure with Build-to-Suit Location (2001) on Over-Sized 7.47-Acre Parcel
One of Top Locations for Sales in Entire Chain According to Placer.ai Report
Positive Sale Growth Trend with Year-Over-Year Increase: 30% Sales Growth Since 2019 and 6% Year-Over-Year Sales Growth
Highly Visible with Excellent Frontage and High Traffic (Approx. 35,000 VPD) at Signalized Corner Location Directly In Front of the Store at Main Intersection
Riesbeck’s Food Market’s Chain Operating for Over 98 Years with 16 Regional Locations
Growing City with Grocery Necessity: Ideal Demographics with Average Household Incomes of Approximately $73,000 Within a 5-Mile Radius
Advantageous Location 52 Miles East of Columbus (Currently the 14th Most Populous City in the United States): Part of the Columbus-CSA with Over 2.51M People and One of the Fastest Growing MSAs in the Country
Surrounded by Rooftops, Other Complimentary Users and Retailers (BMV, Zane Plaza Shopping Center, Sheetz, Huntington Bank & More) Restaurants and Schools
Largest Regional Employer Located in Zanesville: Genesis Hospital, Part of the Genesis Healthcare System (4,000+ System-Wide Employees) with 260-Beds, 2,800 On-Site Employees Supports Zanesville and the Surrounding Communities
Direct Vicinity of Major Employers: Halliburton (560 Employees), Bimbo Bakery (450 Employees), Owens-Illinois, Inc. (400+ Employees), Dollar General Distribution Center (Approx. 950 Employees), AutoZone Distribution Center (650 Employees), Muskingum County Government (Zanesville County Seat = 940 Employees), Spectrum Call Center (560+ Employees), Shelly & Sands (500 Employees), Along with Strong Presence from Nestle Purina, Fanatics Inc., Ridge Corporation, Cleveland Cliffs Inc., Avon, Inc., and Kellogg’s
Zanesville Named “Second Most Charming Small Town in USA” and #4 in North America
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Supermarket
Building Size
54,308 SF
Building Class
C
Year Built
2001
Price
$6,790,000
Price Per SF
$125.03
Cap Rate
8%
NOI
$543,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
7.47 AC
Parking
326 Spaces (6 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Security System
- Signage
- Signalized Intersection
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Riesbeck's Food Markets
- -
- 54,308 SF
- -
- Triple Net
- Oct 2033
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Riesbeck's Food Markets | - | 54,308 SF | - | Triple Net | Oct 2033 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 62-56-02-03-002 | Improvements Assessment | $1,199,170 |
| Land Assessment | $418,425 | Total Assessment | $1,617,595 |
PROPERTY TAXES
Parcel Number
62-56-02-03-002
Land Assessment
$418,425
Improvements Assessment
$1,199,170
Total Assessment
$1,617,595
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Corp. Backed Largest Grocery Co-Op: 8.00% CAP | 2200 June Pky
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