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Virtual Drive-By

Kroger Absolute NNN

10287 SE HWY 212 · CLACKAMAS, OR 97015-9171 · Convenience / Fuel

Asking price
$4,400,000
Cap rate
—
NOI (derived)
—

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Lease

Lease typeAbsolute NNN
Term remaining20.0 yrs
Expiration06/2046
Rent bumps10% every 5 years
Options8 (5-yr) options
Ground leaseNo
Credit profileCredit Rated
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF5,522
Price / SF$797
Year built2026
Lot size0.73 ac
TypeGas Station
Days on market48

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Brand New Long-Term (20-Year) Absolute NNN Ground Lease - Opening June 2026
  • ​Absolute NNN Lease Structure - No Landlord Responsibilities Whatsoever - Tenant is responsible for all property expenses including: CAM, taxes, insurance, and roof & structure
  • ​Top Tier Tenant (The Kroger Co.) / S&P Credit Rated BBB - The Kroger Co. corporately guarantees the full term and options of the lease, providing the investor with long-term security and stability
  • ​#2 Grocery Brand in the United States - The Kroger Co. Annual Revenue: Over $145 billion, making it one of the largest grocers in the U.S., with approximately 2,700+ supermarkets nationwide., and position as the #2 traditional grocer in the U.S. behind Walmart.
  • ​Excellent Frontage and Visibility along Heavily Travelled Hwy 212 (39,672 VPD) within one of Clackamas County’s primary retail and commuter corridors
  • ​Located in Heart of the Affluent Portland MSA / Dense Infill Location - Over 213,823 permanent residents live within a 5-mile radius of the Subject Property, with an average household income of nearly $120k

Property overview

Price: $4,400,000

Net Operating Income (NOI): $220,000

Cap Rate: 5.0%

Tenant: Fred Meyer (The Kroger Co.​)

Guarantor: The Kroger Co.​

Lease Type: Absolute NNN

Increases: 10% every 5 Years (Thru Options)

Lease Term: 20 Years + 8 (5-year) Options

Store Opening: June 15, 2026

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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.