DOCSLIB.ORG

ALBERTSON's LLC – 3500 Panama Lane

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ALBERTSON's LLC – 3500 Panama Lane v FOR SALE ALBERTSON’S LLC – 3500 Panama Lane Bakersfield, CA 93313 Property Information • 4.9% CAP RATE • $8,700,000 • Land and building lease • 23 years remaining with 1.75% annual increases in rent • Tenant pays expenses direct Rudy Blankenship Senior Director Lic. #00515550 +1 559 433 3525 [email protected] 9 River Park Place E Suite 101 Fresno, CA 93720 phone: +1 559 433 3500 paccra.com Real Property Photo Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance PACCOM Realty Advisors, Inc., Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. v FOR SALE ALBERTSON’S LLC – 3500 Panama Lane Bakersfield, CA 93313 AGENDA CONFIDENTIALITY AGREEMENT Pg. 2 DEMOGRAPHICS Pg. 7 EXECUTIVE SUMMARY Pg. 3 PHOTOS • Offering Summary • Albertson’s (Real property photos) Pg. 8 • Bank of America Lease Abstract • Site Description • Surrounding Retailers Pg. 9 - 10 BAKERSFIELD ALBERTSON’S LLC TENANT OVERVIEW Pg. 4 • Overview, Economy, Top Employers Pg. 11 AERIALS Pg. 12 • Map of Bakersfield & Site Location Pg. 5 BROKER BIOGRAPHY • Birds Eye Site Location & Immediate Area Amenities Pg. 6 Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance PACCOM Realty Advisors, Inc., Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. v FOR SALE ALBERTSON’S LLC – 3500 Panama Lane Bakersfield, CA 93313 CONFIDENTIALITY AGREEMENT This is a confidential Memorandum intended solely for your limited use and benefit in determining whether you desire to express further interest in the acquisition of the property located at 3500 Panama Lane, Bakersfield, CA 93313, Kern County (“Property”). This Memorandum contains selected information pertaining to the Property and does not purport to be a representation of the state of affairs of the Owner or the Property, to be all-inclusive or to contain all or part of the information which prospective investors may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the Owner and Cushman & Wakefield | Pacific Commercial Realty Advisors. Therefore, all projections, assumptions and other information provided and made herein are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Additional information and an opportunity to inspect the Property will be made available to interested and qualified prospective purchasers. Neither the Owner or Cushman & Wakefield | Pacific Commercial Realty Advisors, nor any of their respective directors, officers, affiliates or representatives are any representation or warranty, expressed or implied, as to the accuracy or completeness of this Memorandum or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this Memorandum or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluation a possible purchase of the real property. The Owner expressly reserved the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or to terminate discussions with any entity at any time with or without notice which may arise as a result of review of this Memorandum. The Owner shall have no legal commitment or obligation to any entity reviewing this Memorandum or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner and any conditions to the Owner’s obligations therein have been satisfied or waived. By receipt of this Memorandum, you agree that this Memorandum and its contents are of a confident nature, that you will hold and treat it in the strictest confidence and that you will not disclose this Memorandum or any of its contents to any other entity without the prior written authorization of the Owner or Cushman & Wakefield | Pacific Commercial Realty Advisors. You also agree that you will not sue this Memorandum or any of its contents in any manner detrimental to the interest of the Owner or Cushman & Wakefield | Pacific Commercial Realty Advisors. In this Memorandum, certain documents, including leases and other materials, are described in summary form. These summaries do not purport to be complete nor necessarily accurate descriptions of the full agreements referenced. Interested parties are expected to review all such summaries and other documents of whatever nature independently and not rely on the contents of this Memorandum in any manner. If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly return this Memorandum to Cushman & Wakefield | Pacific Commercial Realty Advisors. Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance PACCOM Realty Advisors, Inc., Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 2 v FOR SALE ALBERTSON’S LLC – 3500 Panama Lane Bakersfield, CA 93313 EXECUTIVE SUMMARY The Albertson’s investment offers an investor the second largest grocery producer located in a regional retail area of Bakersfield, California with surrounding tenants like Taco Bell, Carls Jr., Wells Fargo, Walgreens, Pizza Hut, Rite Aid, House of Wings, McDonald’s, and AutoZone. The average household income within a five-mile radius is about $74,709 per year. The lease has approximately 23-years remaining with stepped increases in the rent every year beginning March 2019. OFFERING SUMMARY PRICE $8,700,000 NET INCOME $427,690 (03.01.2019) CAP RATE 4.9% LEASE Land and building lease ALBERTSON’S LLC LEASE ABSTRACT COMMENCEMENT March 2015 INSURANCE Lessee LEASE TERM 25 Years – 23 years remaining, plus 2, 10 yr renewal terms CAM CHARGES Lessee MARCH 2019 RENT $35,640 per month / $427,690 per year ** INSURANCE Lessee RENT INCREASES 1.75% every year (beginning March 1, 2019) TAXES Lessee ** Landlord will supplement the rent difference between today’s rent and the increase on February 28, 2019 SITE DESCRIPTION LOCATION 3500 Panama Lane, Kern County, Bakersfield, CA 93313 SITE SIZE Land: ±5 acres | Building: ±51,000 ZONING C-1, Neighborhood Commercial According to panel 06029C2300E (effective on 09/25/2008) the property is not located in a Special Flood Hazard Area on the Federal Emergency FLOOD ZONE INFORMATION Management Agency (FEMA) “Flood Map Service Center”. Web Site: https://msc.fema.gov/portal/search FLOOD ZONE X Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance PACCOM Realty Advisors, Inc., Copyright 2016. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. Back to Agenda Page | 3 v FOR SALE ALBERTSON’S LLC – 3500 Panama Lane Bakersfield, CA 93313 ALBERTSON’S LLC – Tenant Overview In 1939, Joe Albertson, a former Safeway district manager, took $5,000 he saved and $7,500 Albertson’s LLC Quick Stats he borrowed from his wife’s Aunt Bertie, and partnered with L.S. Skaggs to open his first Type Private Albertsons store on 16th and State Streets in Boise, Idaho. Joe knew the keys of running a really great store, and it was all about working hard for the customers: give them the products Industry Retail / Grocery they want, at a fair price, with lots of tender, loving care. Joe was innovative, too. He had one of the first in-store magazine racks in the country along with a scratch bakery and fresh ice Founded July 21, 1939, Boise, Idaho cream made in store. He worked hard, seven days a week on his vision to build his company, and through his inspiring work ethic and tireless determination to run the best store, the first Founders Joe Albertson store thrived. Just two years later, he had opened two other stores in neighboring communities, and grew the fledgling company’s sales to over $1 million by the end of 1941. Headquarters Boise, Idaho, US Number
Load more

Recommended publications
  • FOCUS Is Published Quarterly by the Boise State University Office of News Services
    ,rw Spared No ::: To Find You Your New Home! utting edge technology keeps Randall's customers constantly in touch with all the C latest in the real estate market. Watch a video of Boise, run MLS searches, CMA's, lender pre-qualifications, or just tour the town in the best of comfort. Randall Lee Smith 1-800-853-7020 On Board Features ... • Computer &Printer • Cellular Phone &Fax • Video Presentation Theater • Video Conferencing • Hot & Cold Drinks • Sony, No Jacuzzi ''Randall's mobile office keeps vital home buying information at his fingertips to provide you with the most thorough real estate service available!' ''The 1hldition Continues'' Gallery 601 salutes the end of one era ... and the beginning of another! Gallery 601 is pleased to present "The Tradition Continues" ... A new limited edition lithograph paying tribute to the championship years of Boise State Football. Each limited edition lithograph will be individually hand-signed by: Lyle Smith, Tony Knap, Jim Criner and Pokey Allen. Capture this unforgettable piece of Bronco history. A portion of the proceeds from the sale of this piece will fund a new endowed football Scholarship at Boise State University. Contact Gallery 601 to of "The Tradition Don't miss this 850MAIN opportunity - Order GROUND FLOOR Your Limited Edition ''The Tradition EASTMAN PARKING GARAGE Continues'' (208) 336-5899 Print Today! (208) 336-7663 Fax LOOKING FOR A GREAT CHRISTMAS GIFT? HERE IT IS ... Stunning color photos are combined with informative text in this 232-page book about the geology, ecology, pre-his­ tory, history and politics of the Snake River Plain.
    [Show full text]
  • A Foundation for Change by Janelle Brown and Larry Burlce
    A Foundation for Change By Janelle Brown and Larry Burlce I daho schools are just beginning to sense the ripples of change like IMC. Almost overnight, it became one of the 30 largest founda­ caused by the arrival of the J. A. and Kathryn Albertson Foundation tions in the United States. It may be the only one of its size limited on the Idaho education scene last year. Soon, they could experience primarily to one area of giving- in this case, education. a tidal wave. Mrs. Albertson's decision to accelerate her estate planning meant With the cachet that comes from a $700 million endowment, the foundation could greatly expand its efforts to foster educational the foundation has the potential to tum Idaho into a national leader excellence in the state, says Sharron Jarvis, the foundation's execu­ for innovative programs to improve schools, says Robert Barr, dean tive director, a former Boise elementary school principal with 32 of Boise State's College of Education. years' experience in education. "It has the funds to do things we can never possibly do otherwise. But Jarvis says it's important that the foundation doesn't usurp "Idaho could evolve into one of the most provocative settings in the what should be state-funded programs. country for education ... we'll attract some of the best and brightest "The state needs to bake the education cake. We'll put on the in the field to come to Idaho," says Barr. frosting," she says. "We don't intend to take over what the state is The name of the foundation's largest effort to date -the Idaho supposed to do." Management of Change-is a not-so-subtle reflection of its agenda.
    [Show full text]
  • 4700 Yelm Hwy Se | Lacey, Wa Olympia, Wa Msa
    4700 YELM HWY SE | LACEY, WA OLYMPIA, WA MSA SINGLE-TENANT ABSOLUTE NET LEASE | +/- 19.6 YEARS REMAINING I RENT INCREASES THIS INVESTMENT OFFERING MEMORANDUM Seller and Thomas Company each expressly has been prepared by Thomas Company and reserve the right, at their sole discretion, to does not purport to provide a necessarily accurate reject any and all expressions of interest or summary of the Property or any of the documents offers regarding the Property and/or terminate related thereto, nor do they purport to be all discussions with any entity at any time with PLEASE CONTACT inclusive or to contained all of the information or without notice. Seller shall have no legal which prospective investors may need or desire. commitment or obligation to sell the property JEFFREY S. THOMAS All projections have been developed by Seller, to any entity reviewing the Investment Offering Thomas Company and designated sources, Memorandum or making an offer to purchase the THOMAS COMPANY and are based upon assumptions relating to the Property unless and until such offer is approved 210 Third Avenue South general economy, competition and other factors by Seller, a written agreement for the purchase of beyond the control of Seller, and therefore are the Property has been fully executed, delivered Suite 5C subject to variation. No representation is made and approved by Seller and its legal counsel and Seattle, WA 98104 by Seller or Thomas Company as to the accuracy any conditions to Seller’s obligations thereunder 800.775.3350 or completeness of the information contained have been satisfied or waived.
    [Show full text]
  • Oldham, Edwin and Louise (June 24, 2013)
    Oldham, Edwin and Louise (June 24, 2013) Oral History Interview with Edwin and Louise Oldham Morris Hill Neighborhood Association History Project LMK: Today is Monday, June 24 th , 2013, and this is Linda Morton-Keithley interviewing Eddie and Lou Oldham for the Morris Hill Neighborhood Association history project. So, the first question – when I talked with you the other day, you told me you married in 1946, and you moved to this house [620 N. Pond St. 1] in 1949. So, what I’d like to start with, if you would tell me, at that point; what was going on in your life, as a still fairly young married couple, that brought you to this particular location in Boise? LO: Well, I was about five months pregnant, I think, at the time we moved into this house. We stayed with my sister over on N. 11 th St. on Lemp. Then, we bought this place in December. I had a little gal, she was about a year and half, and then this was our second child that we were expecting. LMK: And, professionally, what was going on with you at that time? EO: First, I came to Boise from California, Santa Monica, California where we had moved from Paul, Idaho, to Santa Monica in 1942 or late ’41. I went into the service, Air Corps – they call it Air Force now – and served in the South Pacific. And, came out of the service in ’45, and went to college in Santa Monica. Her and I corresponded all that time. We came to Boise from Santa Monica, and I started working for First National Bank as a clerk, not a clerk but a clearinghouse employee.
    [Show full text]
  • Albertson College of Idaho
    Page 1 of 3 Albertson College of Idaho CATALOG Albertson College of Idaho 2003-2004 Albertson College of Idaho is a private, liberal arts institution located in Caldwell, Idaho. Founded as the College of Idaho in 1891, Albertson is home to nearly 800 undergraduate students and is the state's oldest four-year institution of higher learning. The college has been accredited by the Northwest Association of Schools and Colleges since 1922. Our teacher education program has been approved by the Idaho State Department of Education since 1913, and our graduates are eligible for certification in all states participating in the Interstate Certification Compact. The 50-acre park-like campus is composed of tree-lined paths that join five dormitories, playing fields, academic buildings, an amphitheater, and a student union. In the past 10 years, six major building projects have transformed Albertson into one of the most beautiful campuses in the Pacific Northwest. The college's newest facilities include a renovated student union and computer center, performing and fine arts center, athletic activities center, an international center, and "The Village," an apartment-like residence hall which will be completed in Fall 2002. Located between the high desert and the foothills of the Rocky Mountains, Caldwell is a city of more than 20,000 located 30 minutes from Boise-Idaho's booming capital and home to first-class museums, shopping, concerts, and restaurants. The campus is also a short drive to ski resorts, desert, and whitewater rivers. Helping students succeed The Albertson College community embodies the values of the American West-independent, resourceful, hard working, diverse, progressive and adventurous.
    [Show full text]
  • 2Nd Largest Supermarket Chain in the Us
    SINGLE TENANT SUPERMARKET | NNN OPPORTUNITY BAKER CITY, OR | 2ND LARGEST SUPERMARKET CHAIN IN THE U.S. ($60.5 BILLION IN REVENUE) | ±16 YEARS REMAINING TERM | | ABSOLUTE NNN WITH 2.0% ANNUAL RENT ESCALATIONS | RENT IS WELL BELOW MARKET | NICK KASSAB, A LICENSED REAL ESTATE BROKER IN THE STATE OF OREGON, ALONG WITH HOLLIDAY FENOGLIO FOWLER, L.P. (COLLECTIVELY "HFF"). 1120 CAMPBELL STREET BAKER CITY, OREGON EXECUTIVE SUMMARY OFFERING SUMMARY 1120 Campbell Street HFF is pleased to exclusively present an outstanding opportunity to purchase the fee simple interest in a PROPERTY Baker City, OR recently leased 48,239 square-foot Albertsons. Albertsons is one of the largest food and drug retailers in the ± 2 Miles to Downtown Baker City U.S. The Property is located in the northeast corner of Oregon in Baker City and benefits from its proximity to Interstate 84 and the Union Pacific Railroad mainline. Many national brand retailers, such as US Bank, NOI (AS OF JUNE 2019) $378,563 ($7.85 PSF) McDonald’s, Pizza Hut, Shell Gas, and Best Western are in close proximity to this location. LAND AREA ±4.07 Acres The entity on the lease is Safeway, Inc., a wholly owned subsidiary of Albertsons Companies, Inc. The tenant has executed a 20-year Absolute NNN lease through February 2035 with 2% annual rent escalations. This BUILDING AREA rare investment opportunity provides long term, passive cash flow with no landlord responsibilities. 48,239 SF YEAR BUILT 2001 PRICE $6,641,000 ($138 PSF) TYPE OF OWNERSHIP Fee Simple Albertsons CAP RATE 5.70% TENANT (Safeway, Inc.
    [Show full text]
  • President's Corner on Philanthropy
    President's Corner on Philanthropy Welcome to 2013! As we work on closing ICF’s 2012 financial books, we want to thank you for your support this past year and the marvelous contribution that ICF donors and friends made to nonprofits through their 2012 charitable giving and volunteering. It immensely enriched the quality of life throughout Idaho. As I suspect most of you know by now, Congress passed the American Taxpayer Relief Act of 2012 in a deal to avert the so-called fiscal cliff. So what does that mean for charitable giving in 2013? ICF is a member of the Council on Foundations (COF), which is comprised of private, corporate and community foundations. COF watched the fiscal cliff drama throughout 2012 and in a special edition of their newsletter they describe the general provisions of the Relief Act as follows: ● The charitable deduction will continue to be coupled with an individual’s or household’s corresponding tax rate. In other words, there is no cap on charitable deductions. ● The tax rate will be increased to 39.6 percent for individuals making more than $400,000 a year and households making more than $450,000. The previous rate for those earners was 35 percent. ● The estate tax will have a $10 million exemption for couples, $5 million for individuals, and a top tax rate of 40 percent. ● The bill extends the IRA charitable rollover through December 31, 2013. This provision permits tax-free distributions to an eligible charity from an IRA held by someone age 70½ or older of up to $100,000 per taxpayer, per taxable year.
    [Show full text]
  • MAYOR's HOTLINES St. Luke's Master Plan
    MAYOR’S HOTLINES St. Luke’s master plan comments 4/7/15 – 4/12/15 4/7/15 Kathy Vawter 525 S. Pond St. Boise, ID 83705 345-8629 I just wanted to make a comment about St. Luke’s closing off the street. I would be against that; I think they need to leave that open. She’s against St. Luke’s closing that street off, she thinks it should remain open. Council/ PDS 4/7/15 Don May 4759 S. Chex Way Boise, ID 83709 890-0270 [email protected] I am calling because I am a landlord and I have two investment properties in downtown Boise. One of them is 3108 W. Stewart Ave. and the other one is 926 N. 32nd St. I believe that it is absolutely critical that Boise do whatever it can to keep the St. Luke’s Boise Medical Center in downtown Boise. It’s very important that residents in the City of Boise have access to premiere medical care. It certainly helps landlords such as myself maintain the value of the property when we purchased it. The residents who live there really deserve to have premiere care available to them. I hope that the Mayor and City Council can do everything that they can to accommodate St. Luke’s; it appears that St. Luke’s is bending over backwards to try to accommodate the City and its desire to have bicycle and pedestrian friendly which I am a supporter as well. We need to have access to go health care. The mission statement of the City of Boise is the most livable city, so it’s got to have premiere health care readily available.
    [Show full text]
  • Public Review Draft October, 2006
    Ada County Historic Preservation Council 2006 Preservation Plan For Cultural and Historic Resources Public Review Draft October, 2006 Public Review Draft Early view of Swan Falls Dam. Source: ISHS 73-51.21 c. “To forget one's ancestor's is to be a brook without a source, a tree without root.” -Chinese Proverb Public Review Draft ADA COUNTY HISTORIC PRESERVATION COUNCIL www.adaweb.net/hpc Preserving Ada County’s Heritage 200 W. Front Street Boise, Idaho 83702 (208) 287-7900 Fax (208) 287-7909 Curt James, Chair Saundra Schmidt, Vice-Chair Jack Clark, Secretary Kelly Mitchell Bryan Nickels Jessica Shine Al Bolin Jake Putnam Brian Tandrow Public Review ““DraftTTheerree iiss nnoo meerre hhaapppeennssttanncce abboouutt ddooiingg wwoortthhwwhhilee thhiinnggs.. Yoouu’’vve ggoot too ppllaann fforr it..”” C. Ben Ross, First native born governor of Idaho (In office from 1931 through 1937) “Cowboy” Ben Ross. Source: ISHS 75-189.2 b. Prepared on behalf of the Board of Ada County Commissioners: Rick Yzaguirre, Chairman Fred Tilman Judy Peavey-Derr Steve Malone, Project Manager and Designer Curt James, Council Chairman and Editor Prepared for and by the Ada County Historic Preservation Council with assistance of the following groups and individuals: ACHPC Others Tim Breuer, Land Trust for Preservation Plan Subcommittee Ada County Historic Treasure Valley Saundra Schmidt Preservation Council - past and Terri Schorzman, COMPASS Bryan Nickels present members Dr. Todd Shallat, BSU Center Al Bolin Adele Thomsen, Adele’s Design for Idaho History and Politics Curt James Arthur Hart Will Berg, City of Meridian State Historic Barbara Perry-Bauer, TAG Preservation Office Consulting And probably a few other folks Larry Jones Bruce Eggleston, Boise City that we may have Suzi Neitzel Planning and Development unintentionally forgotten.
    [Show full text]
  • 2018 Idaho KNOWLEDGE Report
    2018 IDAHO TECHNOLOGY ECONOMIC KNOWLEDGE REPORT 2018 TABLE OF CONTENTS TABLE OF CONTENTS 2 CONTRIBUTORS 3 IDAHO TECHNOLOGY COUNCIL LETTER 4 INNOVATIVE GROWTH 6-7 PROFILE OF IDAHO 8-13 IDAHO’S SIX REGIONS 14-29 KEY DRIVERS 30-33 REGIONAL SNAPSHOT 34-68 ECONOMY 34-45 GOVERNANCE 46-49 PEOPLE 50-53 PLACE 54-59 SOCIETY 60-68 ACKNOWLEDGEMENTS 69 APPENDIX DATA 70-71 2 IDAHO KNOWLEDGE REPORT CONTRIBUTORS CONTRIBUTING TEAM Jay Larsen, Idaho Technology Council Jason Haase, Idaho Technology Council THANK YOU TO ALL Craig Shaul, Idaho Department of Labor THE PEOPLE THAT Sam Wolkenhauer, Idaho Department of Labor CONTRIBUTED TO Kathryn Tacke, Idaho Department of Labor THE GREAT WORK Jan Roeser, Idaho Department of Labor THAT WENT IN TO Dr. Esther Eke, Idaho Department of Labor BUILDING THE 2018 Brian Husler, Idaho Department of Labor IDAHO KNOWLEDGE Hope Morrow, Idaho Department of Labor Carmen Achabal, Idaho Department of Commerce REPORT. Greg Hill, Idaho Policy Institute Lantz McGinnis-Brown, Idaho Policy Institute Mike Kerby, c308 Marketing Alec Aja, c308 Marketing Stephanie Cook, Idaho National Laboratory Haydn Bryan, Idaho National Laboratory/Boise State Suzie Dustin, HP Jodi Olsen, HP ADVISORS Heidi Jarvis-Grimes, Idaho Technology Council David Moore, Idaho Technology Council Christina Slaughter, Idaho Technology Council Jana Jones, University of Idaho Dana Kirkham, Regional Economic Development Eastern Idaho Steve Robertson, Ph.D., Louie Robertson Consulting Russell Hancock, Joint Venture Silicon Valley Andrew Beck, EverCommerce Wendi Seacrest, Idaho Workforce Development Council Amy Lientz, Idaho National Laboratory Cheongsin Kim, Idaho Policy Institute Angela Hemingway, Idaho STEM Action Center Jennifer Swindell, Idaho Ed News Randy Schrader, Idaho Ed News Roger Quarles, J.K.
    [Show full text]
  • Albertsons Companies Continues Expansion in Idaho the Company Is Projected to Bring 300 New Jobs and $38 Million in Additional State Revenue
    NEWS RELEASE: For Immediate Release Contact: Megan Hill Idaho Commerce 208.334.2470 [email protected] Albertsons Companies Continues Expansion in Idaho The company is projected to bring 300 new jobs and $38 million in additional state revenue BOISE, Idaho—Friday, September 23, 2016— Albertsons Companies, LLC (Albertsons), following an extensive remodel of its corporate headquarters here, announced today that it is continuing to relocate pharmacy support and add other corporate office positions to their Boise campus, which will result in a projected 300 new jobs and $38 million in new tax revenue to the State of Idaho. Albertsons, which is privately owned, is an original Idaho entrepreneurial success story, having been founded by Joe Albertson in Boise in 1939. His original store at the corner of 16th and State Streets downtown offered Treasure Valley customers fantastic innovations, like one of the first grocery store magazine racks, a scratch bakery, and an automatic doughnut machine. In those first days of his fledgling grocery business, Mr. Albertson cemented the tradition of offering their customers high quality products and exceptional customer service, a philosophy which still drives the company today. The Idaho Economic Advisory Council approved Albertsons to receive a Tax Reimbursement Incentive (TRI) award of 30 percent for 15 years. “This is the type of expansion that the Tax Reimbursement Incentive was designed for, and I couldn’t be happier that it is being used by an Idaho company with a rich history in our great state – a company that gave me one of my first jobs as a stock boy at the original Albertsons location,” Governor C.L.
    [Show full text]
  • Not a Good Neighbor: Albertson's Neglects Need for Affordable
    Not a Good Neighbor Albertson’s neglects need for affordable nutritious food in lower income Billings neighborhoods By Bryan Hall Montana People’s Action (MPA) July 2001 Not a Good Neighbor Albertson’s neglects need for affordable nutritious food in lower income Billings neighborhoods By Bryan Hall Montana People’s Action (MPA) Northwest Federation of Community Organizations (NWFCO) July 2001 Table Of Contents I. Overview ............................................................................. 1 II. Billings neighborhoods served by Albertson’s stores .................... 3-4 Downtown and Underpass Albertson’s store ....................... 3 Heights and Grand Albertson’s store ................................. 4 Non-white population in Billings neighborhoods ................. 5 Percent of population in poverty in Billings neighborhoods .. 5 Yearly median income of households in Billings neighborhoods 6 Customer services offered in Albertson’s stores ................... 7 III. Findings from MPA survey of food prices ..................................... 8-11 Overall price differences between four Albertson’s stores ................ 9 Top Ten products with most extreme price differences .................... 10 Breakdown of sample meals between four Albertson’s stores ............ 11 IV. Food Stamps Affordability ......................................................... 12 V. Conclusion .............................................................................. 13 Appendix 1: Research Methodology ....................................................
    [Show full text]