DOCSLIB.ORG

Food Lion Grocery Store 845 Village Blvd

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Food Lion Grocery Store 845 Village Blvd Food Lion Grocery Store 845 Village Blvd. Abingdon, Virginia 24210 Single Tenant Solutions PRICE REDUCTION Subject Photo SINGLE TENANT INVESTMENT OFFERING • DELHAIZE AMERICA, INC. LEASE U. S. SUBSIDIARY OF AHOLD DELHAIZE, N.V. • INVESTMENT GRADE CREDIT RATING • FULL REIMBURSEMENT FOR TAX AND INSURANCE • ALL CAM CURRENTLY PAID BY TENANT • CONSISTENTLY INCREASING STORE SALES For additional info, please contact Barry Silver Listed in conjunction with: The Silver Group Email: [email protected] Christopher R. Gentry, SIOR www.thesilver-group.com Gentry Commercial Real Estate, Inc. Phone: (415) 461 - 0600 License No. VA 0225033997 Investment Summary - Food Lion Grocery 845 Village Blvd. Abingdon, Virginia 24210 Single Tenant Solutions ($126.56 psf) Our Offering is a single tenant Food Lion Grocery Store located at 845 Purchase Price: $4,145,800 Village Boulevard in Abingdon, Virginia. The Property was constructed Initial Cap Rate: 7.75% (with $0.20 psf reserve) in 2000 and consists of a ± 33,816, retail building on ± 4.5 acres of land within the Colonial Square Shopping Center at the intersection of Lee Lease Terms: Highway and Porterfield Highway SW. The building can be expanded by an additional 10,960 sf. Lee Highway is the major commercial artery through • Term has been extended through January 2026 the city of Abingdon. Abingdon is located in the southwestern corner of • Landlord is responsible for roof, structure the state, approximately 16 miles northeast of the Virginia / Tennessee • Current CAM’s are fully reimbursed border. The original twenty year lease is executed by Food Lion’s parent company, Delhaize America, Inc., operator of 2,000 grocery stores and • Property Tax and Insurance are fully reimbursed distribution centers across 23 states under the banners Food Lion, GIANT, • Percentage Rent If 1% of Gross Receipts exceed Hannaford and Stop&Shop. Delhaize America, Inc. is the United States Base Rent in any lease year subsidiary of Netherlands based grocer Ahold Delhaize N.V. (BBB credit • Three x 5 year renewal options rating). Food Lion has exercised the first of four, 5 year renewal options extending their term through January 2026. Reported store sales have Annual Base Rent: steadily increased over the last several years from $6,072,023 in 2017, to $6,344,382 in 2018 and then to $6,758,944 in 2019. Some of the nearby $321,300 Commencing February 1, 2021 traffic generators include Walgreens Drugstore, Holston Medical * If a sale occurs before rent increase on February 1, 2021, Buyer will Group, Sherwin Williams Paints, Napa Auto Parts, BB&T Bank, First receive a rent credit for the difference. Bank & Trust, Dairy Queen, Tokyo Steak House and Virginia ABC. Option Rent Schedule: Land Area: ± 4.5 Acres $336,600 Option 2 * with 180 days prior notice Building Area: ± 33,816 SF $351,900 Option 3 3 miles 5 miles $367,200 Option 4 Population: 11,091 19,143 Rent Commencement: January 24, 2001 Avg. HH Income: $64,820 $66,771 The information contained herein has been received from sources we believe to be reliable, but we have made no independent investigation of the accuracy or completeness and make no representation thereto. The above is subject to errors, omissions, or withdrawal from the market. All prospective investors are advised to conduct their own due diligence. The Silver Group • Phone: (415) 461 - 0600 Income & Expenses - Food Lion Grocery Store 845 Village Blvd. Abingdon, Virginia 24210 Single Tenant Solutions Original Lease Term 1/24/2001 through 1/23/2021 Current Lease Expiration January 23, 2026 Renewal Options Remaining Three Building Size ± 33,816 SF Building Expansion Area ± 10,960 SF Prorata Share of CAM’s 77.8% Annual Gross Income $321,300 ($9.50 / sf) Taxes NNN Insurance NNN Common Areas (1) NNN Reserves ($0.20 psf) $6,760 Net Operating Income $314,540 (1) Common Area Maintenance is handled by the shopping center owner. Tenant reimburses Landlord for Annual CAM Fee up to $21,980.40. This limit increases every 5 years along with the rental increases. Currently all CAM expenses billed to Tenant are fully reimbursed. Please verify in Lease. The Silver Group • Phone: (415) 461 - 0600 Land Survey - Food Lion Grocery 845 Village Blvd. Abingdon, Virginia 24210 Single Tenant Solutions The Silver Group • Phone: (415) 461 - 0600 Colonial Square Shopping Center - Food Lion Grocery Store 845 Village Blvd. Abingdon, Virginia 24210 Single Tenant Solutions The Silver Group • Phone: (415) 461 - 0600 Aerial View - Food Lion Grocery 845 Village Blvd. Abingdon, Virginia 24210 Single Tenant Solutions The Silver Group • Phone: (415) 461 - 0600 Distance Map - Food Lion Grocery 845 Village Blvd. Abingdon, Virginia 24210 Single Tenant Solutions ± 225 miles ± 130 miles ± 16 miles ± 138 miles ± 128 miles ± 110 miles ± 154 miles The Silver Group • Phone: (415) 461 - 0600 About The Tenant - Food Lion Grocery 845 Village Blvd. Abingdon, Virginia 24210 Single Tenant Solutions DELHAIZE AMERICA, INC. What started as two family-run grocery stores almost 150 years ago is now one of the world’s largest food retail groups, a leader in supermarkets and e-commerce, and a company at the forefront of sustainable retailing. Our family of great local brands today serve more than 50 million shoppers each week. It all started in 1867 when the Delhaize brothers opened a wholesale grocery business in Charleroi, Belgium and chose the lion, the symbol of strength, as their logo. Twenty years later in the Netherlands, Albert Heijn and his wife opened a small grocery store in Oostzaan that would form the roots of Ahold. Albert Heijn advertised his goods as “cheap enough for the man on the street and good enough for the millionaire.” Innovation has been part of our DNA since the beginning. The Delhaize brothers and Albert Heijn pioneered the use of their own branded products – from biscuits and coffee to wine and peanut butter – and introduced the concept of self-service, low mark- up shopping to a wider audience. And the founders and leaders of our local brands – again and again – have turned change and challenges into major opportunities for success. From using trains to reduce transport time for fruits and vegetables to the introduction of the bar code, from self-scanning checkout lanes and groundbreaking e-commerce to the first iPhone app for self-scanning, discounts and rewards, Ahold Delhaize believes that improving the shopping experience for customers is something that never ends. In 2016, Ahold and Delhaize Group combined forces to become a world-leading food retail group dedicated to helping customers shop anytime, anywhere and in any manner – in-store and online. The collective heritage and shared values that brought us together continue to guide our ambition to help our customers, communities and colleagues eat well, save time and live better. Company Type: Locations: Delaware, Georgia, Kentucky, Maryland, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia and West Virginia Website: https://www.aholddelhaize.com The Silver Group • Phone: (415) 461 - 0600 About The Area - Food Lion Grocery 845 Village Blvd. Abingdon, Virginia 24210 Single Tenant Solutions ABINGDON, VIRGINIA Abingdon Virginia is a town in Washington County and a two hour drive southwest of Roanoke and 16 miles northeast of the Virginia / Tennessee border. Located in the Blue Ridge Mountains, Abingdon is the county seat of Washington County. The town encompasses several historically signifi- cant sites and features a fine arts and crafts scene centered on the galleries and museums along Main Street. Abingdon is part of the Kingsport, Bristol (TN) - Bristol (VA) Metropolitan Statistical Area, which is a component of the Johnson City, Kingsport, Bris- tol, TN - VA Combined Statistical Area commonly known as the “Tri-Cities” region. Estimated population of the Tri Cities is approximately 500,000 residents. The Town of Abingdon was established by an act of the Assembly of Vir- ginia in 1778. Two short years later, Abingdon played a role in helping the young nation gain its independence. Patriots from Virginia and North Caro- lina gathered at the Muster Grounds to begin a 300-mile march to Kings Mountain, South Carolina. The ensuing battle was a turning point in the Revolutionary War. In 1860, Martha Washington College opened in a former private residence in Abingdon. The college closed in 1932, but the grand building affection- ately known as “The Martha” re-opened as a hotel in 1935. The Virginia Creeper Trail is one of the most famous trails on the East Coast, popular with people of all ages for its breathtaking scenery, and gentle downhill ride. The trail is so much more than a bike trail, however, full of native flora and fauna, rich history, and unexpected places to eat and drink. Start your ride at Mile Marker Zero in Abingdon, VA. The Virginia Creeper Trail begins in downtown Abingdon, running 34.3 mile southeast and ending at the North Carolina border. The Silver Group • Phone: (415) 461 - 0600 Food Lion Grocery 845 Village Blvd. Abingdon, Virginia 24210 Single Tenant Solutions The Silver Group • Phone: (415) 461 - 0600 Demographics - Food Lion Grocery 845 Village Blvd. Abingdon, Virginia 24210 Single Tenant Solutions Site Selection July 30, 2020 Demographic Snapshot Comparison Report for Food Lion Grocery, 845 Village Blvd, Abingdon, VA, 24210: 1 mile(s) 3 mile(s) 5 mile(s) Population: 2019 Total Population 2,477 11,091 19,143 Female Population 53.46% 53.25% 51.56% Male Population 46.54% 46.75% 48.44% Population Density 788 392 244 Population Median
Load more

Recommended publications
  • 1 Venditore 1500 W Chestnut St Washington, Pa 15301 1022
    1 VENDITORE 1022 MARSHALL ENTERPRISES 10TH STREET MARKET 1500 W CHESTNUT ST INC 802 N 10TH ST WASHINGTON, PA 15301 1022-24 N MARSHALL ST ALLENTOWN, PA 18102 PHILADELPHIA, PA 19123 12TH STREET CANTINA 15TH STREET A-PLUS INC 1655 SUNNY I INC 913 OLD YORK RD 1501 MAUCH CHUNK RD 1655 S CHADWICK ST JENKINTOWN, PA 19046 ALLENTOWN, PA 18102 PHILADELPHIA, PA 19145 16781N'S MARKET 16TH STREET VARIETY 17 SQUARE THIRD ST PO BOX 155 1542 TASKER ST 17 ON THE SQUARE NU MINE, PA 16244 PHILADELPHIA, PA 19146 GETTYSBURG, PA 17325 1946 WEST DIAMOND INC 1ST ORIENTAL SUPERMARKET 2 B'S COUNTRY STORE 1946 W DIAMOND ST 1111 S 6TH ST 2746 S DARIEN ST PHILADELPHIA, PA 19121 PHILADELPHIA, PA 19147 PHILADELPHIA, PA 19148 20674NINE FARMS COUNTRY 220 PIT STOP 22ND STREET BROTHER'S STORE 4997 US HIGHWAY 220 GROCERY 1428 SEVEN VALLEYS RD HUGHESVILLE, PA 17737 755 S 22ND ST YORK, PA 17404 PHILADELPHIA, PA 19146 2345 RIDGE INC 25TH STREET MARKET 26TH STREET GROCERY 2345 RIDGE AVE 2300 N 25TH ST 2533 N 26TH ST PHILADELPHIA, PA 19121 PHILADELPHIA, PA 19132 PHILADELPHIA, PA 19132 2900-06 ENTERPRISES INC 3 T'S 307 MINI MART 2900-06 RIDGE AVE 3162 W ALLEGHENY AVE RTE 307 & 380 PHILADELPHIA, PA 19121 PHILADELPHIA, PA 19132 MOSCOW, PA 18444 40 STOP MINI MARKET 40TH STREET MARKET 414 FIRST & LAST STOP 4001 MARKET ST 1013 N 40TH ST RT 414 PHILADELPHIA, PA 19104 PHILADELPHIA, PA 19104 JERSEY MILL, PA 17739 42 FARM MARKET 46 MINI MARKET 4900 DISCOUNT ROUTE 42 4600 WOODLAND AVE 4810 SPRUCE ST UNITYVILLE, PA 17774 PHILADELPHIA, PA 19143 PHILADELPHIA, PA 19143 5 TWELVE FOOD MART 52ND
    [Show full text]
  • Second Harvest Food Bank Receives Donation from Food Lion Feeds Charitable Foundation
    News Release Contact: Chris Davis (910) 485-6131 [email protected] January 27, 2020 Second Harvest Food Bank Receives Donation from Food Lion Feeds Charitable Foundation FAYETTEVILLE, NORTH CAROLINA – Second Harvest Food Bank of Southeast North Carolina has received $10,000 from the Food Lion Feeds Charitable Foundation just in time to help feed area residents. Second Harvest Food Bank of Southeast North Carolina will use the gift to provide additional meals for neighbors in need who face daily hunger. "We would like to thank Food Lion Feeds Charitable Foundation for its commitment to serve and support food banks. Ending hunger is a cause that we both share," said Interim Director Cortez Phillip. The gift will fund programs assisting children, individuals and families who will benefit by receiving wholesome, nutritious food. Second Harvest Food Bank of Southeast North Carolina, a program of Action Pathways, Inc., works tirelessly to fight hunger one day at a time. Its mission is to feed, advocate, educate, and develop partnerships to meet the nutritional needs of the community by way of solicitation and distribution of healthy foods. Currently, Second Harvest Food Bank secures, stores, and distributes more than 13 million pounds of food annually. About The Food Lion Feeds Charitable Foundation The Food Lion Feeds Charitable Foundation is the philanthropic arm of Food Lion, based in Salisbury, N.C. Established in 2001, the Food Lion Feeds Charitable Foundation provides financial support for programs and organizations dedicated to eliminating hunger. The charitable foundation has provided more than $12 million in grant funding helping to nourish communities with fresh food for backpack programs, Kids Café's, and other hunger-relief programs as well as funding for long-term programs to help shorten the lines at food banks.
    [Show full text]
  • Happy Holidays!
    AFL-CIO, CLC Pathmark Bankruptcy Update Pages 4 & 5 | Local 1500 raises over $125,000 for Charity Page 6 | Labor Day Parade Page 7 | Shop Steward Seminar Pages 8 & 9 FR Happy OM LOCAL Holidays! 1500 2 The Register December 2015 The Register 3 THE PRESIDENT’S PERSPECTIVE JUST FOR THE RECORD By Bruce W. Both By Anthony G. Speelman, Secretary-Treasurer @Aspeel1500 New York’sLocal Grocery Workers’1500 Union STATE OF THE UNION OUR NEW UNION 2015 presented many challenges to us. The relied on its convenience and size for its popu- On-demand shopping habits through the digital As I mentioned in my September column, For the many workers at Pathmark stores heads about, what’s next? They immediately A&P bankruptcy obviously overshadows them all. larity. It’s been the place where you can find 10 age have molded our society’s workforce into on- 2015 year was an enormous test for our entire that were bought by other employers, you contacted our Union’s Organizing Department. The bankruptcy comes at a time where the tradi- different types of pasta or five different brands of demand workers. union. It feels like years ago that we negotiat- know that wasn’t the case for every transition Just as our department was there for the eight tional grocery store’s future is very much in doubt. peanut butter. Two-income families are prevalent across ed eight new excellent contracts in the early agreement. Some new store owners wouldn’t Mrs. Green’s workers when they were fired ille- Companies are now merging in order to com- You’ll find that peanut butter in the aisle, America, therefore there aren’t as many stay at months of 2015.
    [Show full text]
  • Agtnum Agent Name Agent Address Agent City
    AGTNUM AGENT_NAME AGENT_ADDRESS AGENT_CITY STATE ZIP 10175 FIDDLE STIX 6501 GLENWOOD AVE RALEIGH NC 27612 12983 BILL PAYMENT CENTER 215 W MARTIN ST RALEIGH NC 27601 13497 FOOD LION #253 570 RIVERBEND DR CHARLOTTESVILLE VA 22911 13498 FOOD LION #484 501 EAST MAIN ST LOUISA VA 23093 13499 FOOD LION #864 1740 TIMBERWOOD BLVD CHARLOTTESVILLE VA 22911 13501 FOOD LION #870 15105 PATRICK HENRY HWY AMELIA COURT HOUSE VA 23002 13502 FOOD LION #940 136 CEDAR GROVE RD RUCKERSVILLE VA 22968 13504 FOOD LION #959 264 TURKEYSAG TRL PALMYRA VA 22963 13506 FOOD LION #1186 585 BRANCHLANDS BLVD CHARLOTTESVILLE VA 22901 13507 FOOD LION #1298 408 W GORDON AVE GORDONSVILLE VA 22942 13508 FOOD LION #1361 2105 ACADEMY RD POWHATAN VA 23139 13509 FOOD LION #1402 577 MADISON RD ORANGE VA 22960 13510 FOOD LION #1531 85 CALOHILL DR LOVINGSTON VA 22949 13511 FOOD LION #1536 32 MILL CREEK DR CHARLOTTESVILLE VA 22902 13515 FOOD LION #1576 38 S CONSTITUTION RD DILLWYN VA 23936 13516 FOOD LION #2567 46 MADISON PLAZA DR MADISON VA 22727 13519 FOOD LION #297 9157 STAPLES MILL RD RICHMOND VA 23228 13524 FOOD LION #299 11130 HULL STREET RD MIDLOTHIAN VA 23112 13529 FOOD LION #478 8201 HULL STREET RD RICHMOND VA 23235 13531 FOOD LION #514 1288 CONCORD AVE RICHMOND VA 23228 13532 FOOD LION #545 11 DUNLOP VLG COLONIAL HEIGHTS VA 23834 13533 FOOD LION #601 3089 MECHANICSVILLE TPKE RICHMOND VA 23223 13538 FOOD LION #620 15702 JEFFERSON DAVIS HW COLONIAL HEIGHTS VA 23834 13540 FOOD LION #623 8006 BUFORD CT RICHMOND VA 23235 13541 FOOD LION #628 9502 CHAMBERLAYNE RD MECHANICSVILLE
    [Show full text]
  • 2020 Fact Book Kroger at a Glance KROGER FACT BOOK 2020 2 Pick up and Delivery Available to 97% of Custom- Ers
    2020 Fact Book Kroger At A Glance KROGER FACT BOOK 2020 2 Pick up and Delivery available to 97% of Custom- ers PICK UP AND DELIVERY 2,255 AVAILABLE TO PHARMACIES $132.5B AND ALMOST TOTAL 2020 SALES 271 MILLION 98% PRESCRIPTIONS FILLED HOUSEHOLDS 31 OF NEARLY WE COVER 45 500,000 640 ASSOCIATES MILLION DISTRIBUTION COMPANY-WIDE CENTERS MEALS 34 DONATED THROUGH 100 FEEDING AMERICA FOOD FOOD BANK PARTNERS PRODUCTION PLANTS ARE 35 STATES ACHIEVED 2,223 ZERO WASTE & THE DISTRICT PICK UP 81% 1,596 LOCATIONS WASTE OF COLUMBIA SUPERMARKET DIVERSION FUEL CENTERS FROM LANDFILLS COMPANY WIDE 90 MILLION POUNDS OF FOOD 2,742 RESCUED SUPERMARKETS & 2.3 MULTI-DEPARTMENT STORES BILLION kWh ONE OF AMERICA’S 9MCUSTOMERS $213M AVOIDED SINCE MOST RESPONSIBLE TO END HUNGER 2000 DAILY IN OUR COMMUNITIES COMPANIES OF 2021 AS RECOGNIZED BY NEWSWEEK KROGER FACT BOOK 2020 Table of Contents About 1 Overview 2 Letter to Shareholders 4 Restock Kroger and Our Priorities 10 Redefine Customer Expereince 11 Partner for Customer Value 26 Develop Talent 34 Live Our Purpose 39 Create Shareholder Value 42 Appendix 51 KROGER FACT BOOK 2020 ABOUT THE KROGER FACT BOOK This Fact Book provides certain financial and adjusted free cash flow goals may be affected changes in inflation or deflation in product and operating information about The Kroger Co. by: COVID-19 pandemic related factors, risks operating costs; stock repurchases; Kroger’s (Kroger®) and its consolidated subsidiaries. It is and challenges, including among others, the ability to retain pharmacy sales from third party intended to provide general information about length of time that the pandemic continues, payors; consolidation in the healthcare industry, Kroger and therefore does not include the new variants of the virus, the effect of the including pharmacy benefit managers; Kroger’s Company’s consolidated financial statements easing of restrictions, lack of access to vaccines ability to negotiate modifications to multi- and notes.
    [Show full text]
  • Fit Soda™ Now Carried in Over 1,100 Food Lion Supermarkets in the Mid-Atlantic and Southeastern Regions of the United States
    Fit Soda™ Now Carried in Over 1,100 Food Lion Supermarkets in the Mid-Atlantic and Southeastern Regions of the United States After announcing placements of Fit Soda™ in well-known regional grocery chains such as HEB and Sprouts, Koios is pleased to announce that its Fit Soda™ functional beverage is now available in all Food Lion supermarkets, a chain which operates more than 1,100 grocery stores in the eastern United States. As the sugar-free beverage category continues to grow, Coca-Cola recently announced its prediction that its “Coke Zero Sugar” variety will be the firm’s biggest driver of growth in 2021 and beyond. Based on these industry trends, Koios’ objective is to strategically grow the market presence of Fit Soda™, which sold approximately 700,000 units in 2020, its first full calendar year on the market. DENVER, CO and VANCOUVER, BC, MAY 11, 2021 - Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) (the "Company" or "Koios") is pleased to announce that as of Monday, May 10, 2021 all four flavours of Fit Soda™ are being carried in more than 1,100 supermarkets operated by Food Lion LLC (“Food Lion”), a multistate grocery chain based in Salisbury, North Carolina. Since November 2020, the Company has placed its Fit Soda™ functional beverage product with several other regional chains across the United States to include HEB (as announced in a November 4, 2020 press release), all three banners of Massachusetts-based Roche Bros. (as announced in a February 24, 2021 press release), and Sprouts Farmers Market (as announced in a March 4, 2021 press release).
    [Show full text]
  • Specialty Grocery Stores Food Lion EUROPEAN 2000 Chapel Hill Rd
    Supermarkets near Duke University (Check websites for a complete listing of locations) Specialty Grocery Stores Food Lion www.foodlion.com EUROPEAN 2000 Chapel Hill Rd. 27707 919.402.0190 2930 W Main St. 27705 919.286.0400 Guglhupf Bakery & Patesserie (German) 4621 Hillsborough Rd. 27705 919.309.0385 2706 Durham-Chapel Hill Blvd., 27707 919.401.2600 www.guglhupf.com Harris Teeter www.harristeeter.com Halgo-European Deli & Groceries (Eastern Europe) 2107 Hillsborough Rd. 27705 919.286.1500 4520 South Alston Ave., Durham 27713 1817 MLK Jr Pkwy. 27707 919.489.9887 919.321.2014 1501 Horton Rd.,27705 919.471.1938 www.halgo-durham.com Kroger Mariakakis Food & Wine (Greek) www.kroger.com 1322 Fordham Blvd., Chapel Hill 27514 3457 Hillsborough Rd. 27705 919.383.2249 919.942.1453 1802 North Pointe Dr. 27705 919.220.5761 ASIAN/SOUTH ASIAN/EAST ASIAN SuperTarget www.target.com Little India (South Asian) 4037 Durham Chapel Hill Blvd. 27707 919.765.0008 919.489.9084 4201 University Dr., Ste. 110, Durham 27707 Whole Foods Organic Supermarket www.littleindiastore.com www.wholefoodsmarket.com 621 Broad St. 27705 919.286.2290 Li Ming’s Global Market (East Asian) 81 S Elliott Dr., Chapel Hill 27514 919.968.1983 919.401.5212 3400 Westgate Dr., Durham 27707 (Across from SuperTarget) They have Chinese food court inside. Specialty Grocery Stores Spice Bazaar (South Asian) 919.490.3747 Middle Eastern 4125 Durham-Chapel Hill Blvd. (on service road), 27707 Taiba Market (Halal Meat) www.spicebazaarnc.com 1008 West Chapel Hill St., Durham 27707 919.219.7120 Around the World Market (Indian) MEXICAN 919.572.5599 1708 E.
    [Show full text]
  • Market Structure Analysis of Florida Metropolitan and Micropolitan
    Retail Grocery Market Structure Analysis of Virginia Metropolitan and Micropolitan Areas Prepared for Virginia Community Capital (VCC) by The Reinvestment Fund (TRF) as part of the ReFresh initiative, supported by JPMorgan Chase | February 2015 Retail Grocery Market Structure Analysis of Virginia Metropolitan and Micropolitan Areas Prepared for Virginia Community Capital (VCC) by The Reinvestment Fund (TRF) as part of the ReFresh initiative, supported by JPMorgan Chase | February 2015 TRF’s Market Structure Analysis measures the concentration of market share within a region’s retail grocery industry. In general, as the concentration of market share within the top few grocers increases, the region’s overall level of competition within the industry decreases as it evolves into a tighter oligopoly.1 An oligopoly is a market condition in which the supply of a good or service is largely controlled by a small number of entities, each of which is in a position to influence prices, thus directly affecting its competitors’ ability to sustain profitability. After decades of mergers, acquisitions, and emphasis on economies of scale, the retail grocery industry has naturally evolved into an oligopoly, ranging in intensity from tight (fewer majority owners) to loose (more majority owners), based on the number of owning entities controlling the majority market share.2 TRF’s experience with the Pennsylvania Fresh Food Financing Initiative suggests that a tight oligopoly in at least one Pennsylvania metro area made market penetration especially difficult for local and regional grocers that were not members of the oligopoly. Conversely, loose oligopolies with less concentrated market share exhibited fewer barriers to entry for prospective grocers.
    [Show full text]
  • North Carolina Alcoholic Beverage Control Commission 3322 Garner Road Raleigh, NC 27610
    North Carolina Alcoholic Beverage Control Commission 3322 Garner Road Raleigh, NC 27610 Commission Meeting Agenda Thursday, October 15, 2009 ABC Commission Office Complex Hearing Room 101 9:00 AM Morning Session and 2:00 PM Afternoon Session I. Hearing Cases – 433 II. ABC Store Location - Asheville ABC III. ABC Store Location - Beaufort County ABC IV. ABC Store Location – Pilot Mountain ABC V. ABC Store Location – Spruce Pine ABC VI. Other Business - North Carolina Alcoholic Beverage Control Commission 3322 Garner Road Raleigh, NC 27610 Commission Meeting Agenda Thursday, October 15, 2009 ABC Commission Office Complex Hearing Room 101 9:00 AM Morning Session OFFERS IN COMPROMISE Suspensions: 1. Bee Nui Carson Timothy W. Morse T/A Big Boys Market 5401-A West Market Street Greensboro NC 27409 2. Bi Lo LLC Timothy W. Morse T/A Bi Lo 279 9108 Lawyers Road Charlotte NC 28227 3. Buy and Go Inc Timothy W. Morse T/A Buy and Go 5595 Shatalon Drive Winston-Salem NC 27106 4. G N J LLC Timothy W. Morse T/A Club Menage 3404 High Point Road Greensboro NC 27407 5. Triangle Billiards and Blues Club Inc Timothy W. Morse T/A Club Triangle 1310 North Main Street High Point NC 27262 6. S Y P Group LLC Timothy W. Morse T/A E Z Way Food Store 600 East D Street Newton NC 28658 7. Mohamad Abbas Chehaitli Timothy W. Morse T/A Friendly B P 5601 West Friendly Avenue Greensboro NC 27410 8. Jack B Inc. Timothy W. Morse T/A Jack B Quick 11 1270 Burkemont Avenue Morganton NC 28655 9.
    [Show full text]
  • Delhaize America's Food Waste in Stores
    V DELHAIZE AMERICA’S OPERATIONS IN THE UNITED STATES: FOOD WASTE IN STORES AND DISTRIBUTION CENTERS A Case Study ABOUT DELHAIZE AMERICA Delhaize America is comprised of the Hannaford Supermarkets About This Case Study and Food Lion operating companies. Hannaford, which is based in Scarborough, Maine, operates 179 supermarkets This case study is part of a series that in the northeast United States. Food Lion, which is based in shows how companies and others are using Salisbury, N.C., has nearly 1,000 stores in 10 southeastern the FLW Standard to measure and reduce and mid-Atlantic states. Delhaize America is a US division food loss and waste. Find more case studies of Amsterdam-based Royal Ahold Delhaize Group. online at www.FLWProtocol.org. WHY IS DELHAIZE AMERICA MEASURING FOOD LOSS AND WASTE? About the FLW Standard Reducing food waste in our operations reduces costs and is The Food Loss and Waste Accounting and part of how we meet our promise to be a better neighbor. Reporting Standard (or FLW Standard) helps A long-standing priority of our business has been to effectively companies, countries, cities and others manage the food that we offer our customers. Many years ago, quantify “food loss and waste”—what we began partnering with local communities to redistribute to measure and how to measure it—and safe, unsold food to reduce hunger. These actions were encourages consistency and transparency driven by real business needs, and real community needs— in the reported data. addressing them has made our business stronger. A summary of definitions and requirements More recently, we expanded our view up and down the of the FLW Standard can be found online value chain, finding new innovations with suppliers that along with related tools to help users report reduce food waste and creating new business opportunities the scope of their inventory and select a from food that would otherwise have been wasted.
    [Show full text]
  • Our Code of Ethics
    Our Code of Ethics Doing what’s right, every day Our Code of Ethics Message from the CEO 3 Our Code of Ethics and You 4 Our Commitment to Ethics 6 1. We respect each other 8 Human Rights and Equal Employment Opportunities Respect in the Workplace Safe and Secure Working Environment 2. 2. We follow the law 11 Competition and Antitrust Anti-Corruption and Bribery Insider Trading Government Requests and Investigations 3. 3. We act ethically in all our relationships 15 Conflicts of Interest Gifts and Entertainment Food Safety/Product Integrity Sustainable Retailing Responsible Use of Company Property Records Management Confidentiality of Information Privacy of Customer and Associate Data Communication with Third Parties 4. We have the courage to speak up 21 No Retaliation Corrective Action Compliance & Ethics Contact Information and Local Speak up lines 2 1 A message from Dick Boer Dear Colleagues, With the launch of Ahold Delhaize in the summer of 2016, we combined two strong companies with similar values. Each had a rich history of building great local brands. Each had a deep commitment to do what is right. Indeed, integrity was a value of both Ahold and Delhaize Group, and it is now one of the values of Ahold Delhaize. It’s estimated that the average person makes about 35,000 decisions every day. Some are relatively simple, like deciding what time to leave for work or what to eat for lunch. But some are much more difficult – such as having the courage to speak up when you see behavior you know is wrong.
    [Show full text]
  • Is This the Worst Storm in Retail History?
    ™ IS THIS THE WORST STORM IN RETAIL HISTORY? How to Weather the Rapidly Changing Grocery Industry JOHNNY BLUE CRAIG – GROCERY SPECIALIST IS THIS THE WORST STORM IN RETAIL HISTORY? Grocery, however, has long been considered immune from the e-commerce“ space and even the vagaries of economic downturns. No more. Historic deflation, a new round of price wars, and yes, the growing impact of e-commerce are taking a toll on what was once a highly resilient sector.” “Comparable store sales are anemic across almost every key grocery retailer and I’m starting to see a growing number of chains that might follow general retail down the bankruptcy trail.” Forbes.com - May 2017 NOTABLE EVENTS - Warren Buffet Exits Walmart Disposing of $3B in Stocks - Kroger’s same store sales drop for the first time in 13 years - Publix’s same store sales drop for the first time in 7 years - Southeastern Grocers (BI-LO/Winn-Dixie) CEO steps down. June 2017 2 MATTHEWSTM IS THIS THE WORST STORM IN RETAIL HISTORY? TABLE OF CONTENTS 4. Yes - It’s A War... and it’s Just Getting Started 6. Aldi and Lidl - The Greatest Threat to the U.S. Grocery Market 12. Walmart: Shadow Center Vacancies on the Rise 16. BI-LO & Winn-Dixie: Death Watch 18. Food Lion: The Dreaded Middle 24. A New Animal: Fresh Format Grocers 26. What Should An Owner Do? MATTHEWSTM 3 IS THIS THE WORST STORM IN RETAIL HISTORY? YES - IT’S A WAR... AND IT’S JUST GETTING STARTED WWW.PLANNEDGROCERY.COM THIS IMAGE REPRESENTS NEWLY PROPOSED AND PLANNED GROCERY DEVELOPMENTS AS OF MAY 2017 4 MATTHEWSTM IS THIS THE WORST STORM IN RETAIL HISTORY? The grocery sector has long been thought of as Aldi bleeds Walmart, they are bleeding 55 percent one of the lowest-risk investments on the market.
    [Show full text]