SWC 67th Ave. & Montebello · Glendale, AZ 85303 · Convenience / Fuel
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Fry’s (Kroger) Fuel Station
Absolute NNN Corporate Ground Lease
New Construction - 15 year Lease, 8.5 Year Options@10% Increases
Glendale, Arizona
Ideal 1031 Exchange Property
No Management Responsibilities
1/4 Mile North of Fry’s Grocer
Dominant Brand in Phoenix Metro
***Fry’s offsite fuel Center with Kiosk…..Fry’s grocery is ¼ mile north
Absolute Net
15-year with eight (8) 5-years options
Minimum rent $145,000 with 10% increased starting in year 11 (flat for initial 10 years)
Rent commencement March 17, 2025
Fry's Food Stores has been dominating the grocery market in the Phoenix metro area. In 2023, Fry's achieved nearly $5.6 billion in sales, capturing a 28.32% market share.
This makes Fry's the top grocery retailer in the region, significantly ahead of its closest competitor, Walmart, which holds a 17.83% market share.
Fry's continues to expand its presence, with 93 locations in Maricopa and Pinal counties.
The chain's strong performance is attributed to its wide range of products and competitive pricing, which resonate well with local consumers.
CLUB: Savings on Fuel: Customers can earn Fuel Points by shopping at Fry's stores. For every dollar spent on groceries, customers earn 1 Fuel Point. These points can be redeemed for discounts at Fry's fuel centers, with savings of up to $1 off per gallon.
Convenience: With numerous locations across Arizona, Fry's fuel centers are easily accessible. This makes it convenient for customers to fill up their tanks while running other errands.
Additional Earning Opportunities: Besides groceries, customers can earn extra Fuel Points on prescriptions and gift card purchases. Fry's often runs promotions that allow customers to earn double or even triple points.
Integration with Other Kroger Family Stores: Fuel Points earned at Fry's can also be redeemed at other Kroger Family of Stores fuel centers and participating Shell locations, providing flexibility and more options for savings.
Overall, Fry's fuel centers provide a combination of savings, convenience, and flexibility, making them a valuable resource for consumers.
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Asking-market observation aggregated from public listing sources, last observed Sep 4, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.