July 2020

Recently Sold – Vons Grocery Store, Huntington Beach, CA

Twilight view of a busy Vons Grocery Store parking lot in Huntington Beach with cars in motion and dramatic clouds above.

Thomas Company is pleased to announce the recent sale of a Vons grocery store in the Los Angeles, California metropolitan area. The asset was unlisted and closed as an off-market transaction. The tenant had executed a 20-year absolute-net lease with fixed rent increases, providing the investor long-term, stable cash flow. The lease was guaranteed by Albertsons Companies, Inc. the second largest traditional grocer in the United States, with over 2,500 locations and serving 34 million customers per week. The purchaser was attracted to the property’s essential business use and premium coastal location.