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Pick n’ Save is a single-tenant, NNN Lease, freestanding grocer only 15 miles from the city of Madison, WI. Immediately, this property drew our team’s attention for its proximity to this large urban center and a highly affluent, growing market (over 9.4% population growth projected in the next five years). Our team also recognized the strength of Pick n’ Save being a subsidiary of Kroger, which saw strong, steady sales even throughout the COVID-19 pandemic. FNRP purchased Pick n’ Save in February 2021 for $13M, and projected a 14.2% IRR for investors.
Pick n’ Save became our fastest property to be acquired and disposed of after only holding for a year and two months. Originally, FNRP planned to hold the site for seven years. However, due to the success of this site, a buyer approached us with a strong offer for the site. Therefore, we decided to sell the property earlier than expected to collect significant returns for investors.
NOTICE: This website and the content presented herein is not directed to any person who is a resident of the United States or U.S.-territories or the resident of any other particular jurisdiction. This website and the content presented herein is not an offer to sell or a solicitation to buy securities, commodities, or any other form of investment or product. An offer may be made to accredited investors only pursuant to Rule 506(c) of the U.S. Securities Act of 1933, as amended (the “Act”), by an authorized representative by delivery of a complete copy of an offering memorandum including all exhibits. By using this website, accessing any material contained on this website, registering, requesting a password, or by clicking a “submit” button or the like, I hereby acknowledge, agree and warrant, under penalty of law, that (1) I am an “accredited investor” as defined by Rule 501(a) of the Act; and (2) my typed name on the electronic registration form, if submitted, is my electronic signature and is the legally binding equivalent to my manual handwritten signature.
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