Established grocery store chain with 720 stores across 32 states
• Save A Lot enjoys ±20 years of successful operation at this location
• New 10-year NNN lease to commence December 1, 2026. Save A Lot has
accepted newly renovated building
• Newly seal coated and striped parking lot, new Trane HVAC and other
improvements provided by landlord limits future capex exposure
• Tenant maintained parcel, LL does not have to handle CAM billing
• Successful tenure as this store has been in operation since 2008
Rent increases every five years, including renewal options
• Opportunity to add kiosk or increase shop GLA provides additional
source of upside
• Memphis is a strategic distribution hub and HQ to FedEx and other
Fortune 500 employers