Food Lion NNN Properties for Sale
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 Food Lion’s logo since 2014 | |
| Formerly | Food Town (1957–1983) |
|---|---|
| Type | Subsidiary |
| Industry | Retail |
| Founded | December 12, 1957 |
| Founder | Wilson Smith, Ralph Ketner, and Brown Ketner |
| Headquarters | Salisbury, North Carolina, United States |
Number of locations | 1,103 |
Area served | Mid Atlantic, South Atlantic |
Key people | Meg Ham, President Greg Finchum, Sr. Vice President Karen Fernald, Sr. Vice President, |
| Products | Grocery, Produce, Meat, Seafood, Dairy, Deli, Bakery, Health and Beauty, Pharmacy, Drive-Thru Grocery Pickup, Beer, Wine |
Number of employees | 88,000+[1] |
| Parent | Ahold Delhaize |
| Website | www |
Food Lion – The lion that rules the grocery world
In USA, in North Carolina’s Salisbury, the chief quarter of this grocery gardener, Food Lion is located. Under this banner of the company, about 1,100 supermarkets serve, in the areas of Georgia, Mid and South Atlantic, West Virginia etc. This subsidiary type of company works pretty well in the retail industry, and is primarily famous for dealing in groceries. It has about 65,000 employees to look after and serve the customers wishes. However, the company not only has centers to spread the network but also has immense properties scattered throughout the continent, which, are in search of investors for the betterment of the project as a whole. It first spread its wings under the umbrella of Delhaize group, from 1974- 2015 but then the parent body suffered change and became Ahold Delhaize.
Current Status
The current status of any company is the most important thing as it provides a fair idea about how the company is thriving and depending on that, how are the chances in near future. A good statistics encourages the investors to go for Food Lion property/properties which finally will prove beneficial for both. Delhaize, the parent body has its own calculation and so does Food Lion. The main retailer grocer has been working very well, especially in Netherlands. They expected the free cash flow in 2016 FY to be 1.3 billion pound. The company also announced that its sales increased 54.5% from 2015 to 2016. Like the bigger body, the company also maintained its steady growth and the detailed growth between 1997 and 1999, and if financial quotes are your concern, then also you have a way to look into it.
How the lion was born
The story of Food Lion real estate began in the year 1957 and the place of the head quarter i.e. Salisbury is the witness of this event. But back then, the name of company was different- food town and it was founded by Brown Ketner, Ralph Ketner and Wilson Smith, however, after the acquirement of the shop by the Delhaize that is a famous Belgian grocer, the name Food lion came into being in around 1983. Interesting fact is that only by changing two letters, the new word was born then. The company serves the motto of providing food to those who do not get proper food, and try hard to earn bread and butter. Moreover, it maintains sustainability by introducing certain feats. The parent body, Delhaizer founded in 1867 is a food retailer, which has been running successfully. Its achievement could be proven or admired at when it was ranked in Top 75 North American food retailers and that too at number 10. The untiring toil took the company where it is today.
How it operates
If your aim is to know about the intricacies of Food Lion investment property, then you need to be very certain about all the ways and rules of dealing. The price is between $3 and $7M but now concentrate on the lease specifications. The term of lease is between 10 and 15 years and extensions with options is 20 to 40 years. This subsidiary type of company has revenue of 17.3 billion in USA dollars.
This supermarket has its presence in numerous locations, and owns ample properties distributed all around the US for the investors to offer their hands to. Wisconsin, ldaho, Alabama, Texas, Mississippi, Rhode Island etc. are some prominent locations where it has its properties. Hence, if you are interested to invest in a property for long term benefits, investment in Food Lion cold well turn out to be a wise decision.
Origination
In the year of the mid and the late 1990s, the company started to cancel its lease for a wide range of the new stores of the enterprise. The markets have emerged at various famous places of other food chains like the Dallas/Fort Worth, Houston, as well as the Oklahoma City. Citing the double-digit but the same-store sales, there was a steep decline in the time quarter, which was ending in the month of September in 1997. This was the time when Delhaize made announcement regarding the cancellation of its store expansion towards the Midwest area- a home to all the markets that are planning to exit in the Texas, Oklahoma, and Louisiana. Later on, it also closed its distribution center, which was in operation since the past 6 years.
In the country of North Caroline, the Food Line property came into existence in 1957. In the year of 1974, this food chain was tried to be acquired by the grocery company which was based in Belgium. The parent company of the Food Line along with this Belgium based company merged which was fully complete in the month of July 2016. The currently prevailing name was taken into consideration in 1983. After various alterations and re-branding of the products of supply of this particular food chain, the name stayed the same as per in March 1983.
In the mid-1980s, the chain experienced expansions in the Mid-Atlantic as well as the Southeastern parts of the United States. The expansion also continued in the late 1980s as hundreds of stores were opened in various places like those of Carolina as well as Virginia.
Working
The Food Lion is in business since 1957 and is situated in the Salisbury, NC and they cover near about 1,100 markets in the Mid-Atlantic as well as Southeastern states. The corporate gladly utilizes 63,000+ partners and serves around many customers seven days of a week and also answers their queries.
By utilizing the longstanding legacy of low costs and helpful areas, Food Lion gladly attempts to give the most straightforward opinion in Southeast for our daily customers.
Affordable prices and fresh deliveries are the forte of this organization.
Food Lion Ground Lease Property or Food Lion NNN Properties for Sale: