Property summary
This exceptional investment opportunity presents a fee-simple owned, 50,096 square-foot Safeway grocery store located at 2321 W Eisenhower Blvd, Loveland, CO 80537. The property boasts a strong 5.50% cap rate, generating a substantial net operating income (NOI) of $656,527. Secured by a corporate guarantee from Albertsons Companies, Inc., this absolute triple-net (NNN) lease ensures zero landlord responsibilities. The current lease, commencing July 1, 2019, and expiring June 30, 2039, offers a substantial 14.6 years remaining on the primary term, further enhanced by eight five-year renewal options. Rent increases are incorporated into the lease agreement. Built in 1984 and renovated in 2008, this single-story building sits on a spacious 196,020 square-foot lot. The property's Class A designation reflects its high quality and prime location within a thriving community. The asking price is $11,936,855, translating to a price per square foot of $238.28. This investment is ideal for those seeking a secure, long-term, passive income stream with a reputable national tenant in a desirable Colorado location. The property is 100% occupied since July 1, 2019. This offering is structured for a 1031 exchange.
Property profile
VerifiedCap rate & NOI
Current use
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Pharmacy
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Grocery & Convenience Store Food Market
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Shopping Center & Mall
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Atm
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Cafe & Coffee Shop
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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