Safeway

Safeway, Inc. is an American supermarket chain founded in 1915. It is a subsidiary of Albertsons, having been acquired by private equity investors led by Cerberus Capital Management in January 2015. Safeway’s primary base of operations is in the western and central United States with some stores located in the Mid-Atlantic region of the Eastern Seaboard. The subsidiary is headquartered in Pleasanton, California, with parent company headquarters in Boise, Idaho.

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Parent Company: Albertsons
Store Count: 1,308
S&P Rating: B+

S&P Outlook: Stable

Moody Rating: B3

Moody Outlook: No Outlook

Typical Lease Characteristics

Lease Term: 15 – 20 Years  Years

Lease Type: Absolute NNN Lease 

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate

Positives:

  • Public Company, Credit Rated
  • Typically located in high traffic locations
  • Typically Long term leases with increases

Negatives:

  • Increasing Competition from online stores
  • Competitive Industry sector
  • Strengh often times associated with adjoining retail tenants

Market Snapshots:

On Market Ranges:

# of Properties in set: 3

Price: $7,908,800 - $8,918,440Average: $8,413,622

PPSF: $210 - $270Average: $228

Year Built: 1972 - 2006Average: 1993

CAP Rate Range: 4.58% - 6.30%Average: 5.38%

Size range: 25,766 sq ft - 46,471 sq ft Average: 38,367 sq ft

Last 12 Month Range:

# of Properties in set: 38

Price: $10,300,720 - $14,347,430Average: $12,262,760

PPSF: $220 - $254Average: $242

Year Built: 1960 - 2012Average: 1996

CAP Rate Range: 4.66% - 5.83%Average: 5.35%

Size range: 38,050 sq ft - 65,403 sq ft Average: 50,644 sq ft

Safeway Company Profile

Headquarters Information

Pleasanton, California

Founded in 1915

Company type: Private

Stock Ticker: SWY

Parent Company: Albertsons

Industry: Retail / Grocery

# of Employees: 250,000

S&P Rating: B+

S&P Outlook: Stable

S&P Rating: B3

Moody Outlook: No Outlook

Safeway Stock Keys

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