Interested in Purchasing a Fresh & Easy Property for Investment?
If you wish to purchase a Fresh & Easy property for investment, please email email@example.com; We have access to an extensive inventory of NNN lease Fresh & Easy properties for sale.
Fresh & Easy – The Grocery outlet with a difference
In 2007, this company was born with its headquarters in California, El Segundo. It is a part of retailing industry and was formerly a subsidiary of the third largest retailer in the world, Tesco that has its roots in United Kingdom. This grocery store gradually expanded its chains in California, Arizona and Nevada. Moreover, the Fresh & Easy real estate is fresh enough to be bought by smart investors.
The company ventured into selling general merchandise and groceries in United States through its various outlets in 2015 and filed for Chapter 11 bankruptcy in the same year. Presently, Fresh & Easy Franchise is welcoming the buyers to invest their money in the sprawling property spread across California and the vicinity. It would be a fresh start for the investors as well. The company has closed its stores and is looking for interested investors to buy its properties.
Origin and the course
Tesco, a UK based retailer dreamt of setting up an empire in USA, which they actually began in 2007. In their mind, they had planned a rapid growth but after the first store was opened, the process stopped and again in 2008, the work progressed. The company led its foundation in the states of Nevada, Arizona and California and had as many as 200 stores when Tesco decided to pull out in 2012-2013. The amount of sum reported for this was 1.2 billion Euros. Every fiscal year Tesco suffered huge amounts of loses, eg- $208 (2008/9), $253 (2009/10) in millions.
Then, in the September of 2013, the transference of ownership took place and Ron Burkle who owns supermarket became the new owner. But the Yucaipa Companies failed to provide umbrella to the Fresh & Easy as in the next month the company filed for a bankruptcy case in US court. Huge amount of loss was incurred which was visible when in 2015 again another case was filed after a few days of shutting the stores down.
But there is a whole bunch of Fresh & Easy properties waiting to be sold off: Colorado, Arizona, Connecticut, Delaware, Maryland, Florida, Hawaii, Alaska, Indiana, New Hampshire, Kansas, New Mexico, North Dakota, Oklahoma, Tennessee, Vermont, Washington, Wyoming and many more.
Fresh & Easy investment property offers corporate lease guarantee and the type is absolute NNN type. The price ranges between 2million to 5 million dollars and the lease term is of 10-15 years. The lease can however be extended up to 20-40 years and there is a chance that after every 5 years there will be an increase of 10%. The company and its venture have some exclusive properties in the US that are worth buying.
Fresh & Easy Properties For Sale Across the United States :
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands, Washington, West Virginia, Wisconsin, Wyoming