| Metric | Details |
|---|---|
| Entity / Parent | The GIANT Company LLC (Carlisle, PA), a subsidiary of Koninklijke Ahold Delhaize N.V. |
| Issuer Credit Ratings (Ahold Delhaize) | S&P: BBB+ (Stable) / Moody’s: Baa1 (Stable) |
| Investment Grade Status | Parent Rated Investment Grade (Koninklijke Ahold Delhaize N.V.); confirm the lease guarantor |
| Sector | Supermarket / Grocery Retail |
| US Store Count | 194 (Maryland, Pennsylvania, Virginia and West Virginia; Ahold Delhaize, 2026) |
| Median asking cap rate | See the live table below |
| Lease Term | Varies by lease; confirm the term and whether it is NNN or a ground lease |
| Guarantee Type | Varies; confirm the tenant entity and any Ahold Delhaize guarantee in the lease |
| Parent Stock Ticker | AD (Euronext Amsterdam) |
| Ahold Delhaize Net Sales | €92.4 billion (FY2025) |
| Building Size | Varies by store; confirm for each property |
Giant Food Stores Business Overview & NNN Investment Profile
Giant Food Stores, which now operates as The GIANT Company, is a Carlisle, Pennsylvania-based supermarket chain with 194 stores across Maryland, Pennsylvania, Virginia and West Virginia, according to Ahold Delhaize. Not to be confused with Giant Food (the Washington D.C.-area chain also owned by Ahold Delhaize but operating as a separate banner), Giant Food Stores has been serving the Pennsylvania and surrounding Mid-Atlantic market since its 1923 founding in Carlisle. The company operates supermarkets and small urban supermarkets under the GIANT and MARTIN’S names; store sizes vary, so confirm the building size for each property.
Giant Food Stores is part of Ahold Delhaize N.V., the Dutch-Belgian food retail giant formed by the 2016 merger of Royal Ahold and Delhaize Group. Ahold Delhaize’s US portfolio includes Giant Food Stores, Giant Food (DC metro), Food Lion, Stop & Shop, and Hannaford, which together operated 2,017 U.S. stores at the end of 2025 (Ahold Delhaize Annual Report 2025). Ahold Delhaize’s BBB+/Baa1 investment grade rating supports a Giant Food Stores lease only when Ahold Delhaize guarantees it, so confirm the guarantor in each lease.
Giant Food Stores vs. Giant Food: A Critical NNN Distinction
The naming similarity between Giant Food Stores (Pennsylvania) and Giant Food (Washington D.C. area) can cause confusion for NNN buyers. Both are wholly owned by Ahold Delhaize, but they operate as separate legal entities, and Ahold Delhaize’s credit backs a lease only if it guarantees it. The GIANT Company LLC operates the Pennsylvania-centered chain. Giant of Maryland LLC operates the DC-metro chain. NNN investors should verify the specific legal entity named as guarantor matches the store’s actual operating banner and geography.
Giant Food Stores NNN Lease Structure
Giant Food Stores lease terms vary, and some sites may be ground leases; confirm the initial term, renewal options, lease structure and the tenant’s responsibility for taxes, insurance and maintenance in each lease. Store formats and sizes also vary by location. Rent increase schedules vary by lease, so confirm the escalation terms in each lease before underwriting.
Giant Food Stores NNN Cap Rate & Pricing
Live asking cap rates for Giant Food Stores and comparable tenants:
| Tenant | S&P / Moody’s | Median asking cap rate | Middle half of listings | Listings | Median vs. 10-year Treasury |
|---|---|---|---|---|---|
| Kroger | BBB / Baa1 | 5.00% | 5.00% to 5.25% | 9 | −24 bps |
| Albertsons | BB+ / n/a | 5.75% | 5.50% to 9.00% | 5 | +51 bps |
Active listings InvestmentGrade.com tracks with an asking cap rate (stated in the listing, or computed from its stated income and price when no rate is stated), listings last observed October 16, 2026. Asking cap rates are not closed-sale cap rates. The middle half is the range from the 25th to the 75th percentile of listings. The 10-year Treasury yield is 5.24% as of October 1, 2026 (FRED series DGS10). Ratings are the agency ratings in our ratings database for the entity shown, which may be a parent company; the rating type (for example issuer, senior unsecured debt, long-term debt or revenue bond ratings) varies by company and is shown on each tenant page. A rating applies to a lease only if the rated entity signs or guarantees it, so confirm the tenant and any guarantor in the lease. n/a means no verified rating is on file. Not shown because fewer than 3 active listings with a published cap rate were observed: Giant Food Stores, Food Lion.
Compare a Giant Food Stores property with the grocery peers in the live table; pricing for a specific property depends on the lease guarantor, remaining term, rent and location.
Comparable NNN Tenants
| Comparable Tenant | Rating |
|---|---|
| Food Lion (Ahold Delhaize) | BBB+/Baa1 |
| Kroger | BBB/Baa1 |
| Albertsons | BB+ |
Is Giant Food Stores the same as Giant Food?
No. Giant Food Stores (headquartered in Carlisle, PA) and Giant Food (headquartered in Landover, MD) are two separate grocery chains that are both owned by Ahold Delhaize but operate independently under different subsidiary entities. Giant Food Stores serves Pennsylvania and surrounding states. Giant Food serves the Washington D.C. metro area. Ahold Delhaize’s BBB+/Baa1 rating backs either chain’s lease only if Ahold Delhaize guarantees it, and the two chains are operated by different subsidiaries.
What cap rates are Giant Food Stores NNN properties listed at?
The live table on this page shows current median asking cap rates for comparable grocery tenants. The listings we track do not currently show a Giant Food Stores median. Pricing for a specific property depends on the remaining lease term, rent level, location and lease guarantor, and asking cap rates are not closed-sale cap rates.
Giant Food Stores Net Lease Property: Buying, Selling and Financing
Buying: We find on-market and off-market Giant Food Stores properties, review the lease and the tenant’s credit, and compare pricing with current listings. On the majority of transactions, there is no separate fee to you as the buyer; the listing broker pays a cooperating commission.
Selling: We can prepare an opinion of value from current listings and recent sales and, when it fits your goals, run a confidential sale to private investors, family offices and institutional buyers. See our guide to off-market sales.
Financing: Investment Grade Capital, a service of Investment Grade LLC, matches buyers and owners with lenders for acquisitions and refinancing.
1031 exchanges: Tell us your identification and closing deadlines so we can plan the search around them.
Request an NNN investment consultation or email team@investmentgrade.com.
