Bang Realty, Inc. is pleased to exclusively market for sale a Natural Grocers ground lease located in Dubuque, IA. The property is strategically located in a regional retail destination with high barriers to entry. There are approximately 75,000 people living within five miles of the property with average annual household incomes of roughly $95,000.
There are over nine years remaining on the Natural Grocers ground lease that expires on November 30, 2033. The ground lease features no landlord responsibilities and a rental increase in December 2028, and in each renewal option.
Natural Grocers is a publicly traded company (NYSE: NGVC) with a $625M market capitalization. The company is the leading specialty retailer of natural and organic groceries, and dietary supplements. They operate approximately 170 locations in 21 states