Albertsons Companies LLC is an American grocery company founded and based in Boise, Idaho. It is privately owned and operated by investors, including Cerberus Capital Management.

With 2,200 stores and more than 250,000 employees, the company is the second largest supermarket chain in North America after Kroger, which has 2,778 stores. Prior to its January 2015 merger with Safeway Inc. for 9.2 billion, it had 1,075 supermarkets located in 29 U.S. states under 12 different banners. Its predecessor company, Albertsons, Inc., was reorganized as Albertsons LLC and sold to AB Acquisition LLC (a Cerberus Capital Management–led consortium).

After buying back the majority of its former stores it sold to SuperValu in 2006, AB Acquisition announced it would change its name to Albertsons Companies Inc. in 2015. The company’s corporate name was Albertson’s until 2002, when the apostrophe was removed.

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Parent Company: Cerberus Capital Management
Store Count: 2,206
S&P Rating: N/R
Moody Rating: N/R

Typical Lease Characteristics

Lease Term: 15-20 Years Years

Lease Type: NNN(absolute Net)

Lease Extensions: 5-6 (5) Year Options

Lease Guarantor: Corporate

Tenant Overview

From its small roots, Albertsons has a risen to a nationally-recognized brand located in 33 states and the District of Columbia. Today, Albertsons is owned by Cerberus Capital Management, who also acquired the grocery chain Safeway in 2014. Albertsons operates under 18 well-known banners which include Safeway, Vons, Jewel-Osco, United Supermarkets, and Tom Thumb, to name a few.

In all, despite not being rated publicly,  Alberstons provide numerous compelling reasons to be invested in. Given the increased competition within its market and continued pressure from online sales however, special consideration must be given to demographics, and store sales.


  • Nationwide presence with high brand recognition
  • Multiple Brands managed creating economies of scale
  • Typically Long term leases with increases


  • Unique buildout and large spaces make it more challenging to re-tenant
  • Currently not rated
  • Faces pressures from Online Grocers

Market Snapshots:

On Market Ranges:

# of Properties in set: 1

Price: $10,850,000 - $10,850,000Average: $10,850,000

PPSF: $186 - $186Average: $186

Year Built: 2005 - 2005Average: 2005

CAP Rate Range: 4.84% - 4.84%Average: 4.84%

Size range: 58,254 sq ft - 58,254 sq ft Average: 58,254 sq ft

Last 12 Month Range:

# of Properties in set: 2

Price: $7,889,700 - $10,895,300Average: $9,392,500

PPSF: $163 - $202Average: $187

Year Built: 1984 - 2005Average: 1994

CAP Rate Range: 4.67% - 6.05%Average: 5.50%

Size range: 43,484 sq ft - 58,254 sq ft Average: 50,869 sq ft

Albertsons Company Profile

Headquarters Information

Boise, Idaho

Founded in 1939

Company type: Private

Parent Company: Cerberus Capital Management

Industry: Retail / Grocery

# of Employees: 164,000

S&P Rating: N/R
S&P Rating: N/R
No stock information is available for this tenant.
No news available for this tenant.

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