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Natural Grocers | Early 5 Yr Lease Extension 5600 E River Rd 15,100 SF Retail Building Tucson, AZ 85750 $8,811,047 CAD ($583.51 CAD/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

More Than 11 Years Remaining on an Absolute Triple-Net (NNN) Lease
Natural Grocers Operates 169 Stores in 21 States
212,214 Residents in Growing Tucson Trade Area

Tenant Recently Executed a Five-Year Early Lease Extension, Demonstrating a Strong, Long-Term Commitment to the Site
Natural Grocers Reported Record-Breaking Q2 2025 Net Sales of $335.8 Million, a 9 Percent Increase Year-Over-Year
Average Household Income Exceeds $128,000 within a One-Mile Radius

EXECUTIVE SUMMARY

Natural Grocers by Vitamin Cottage, Inc. (NYSE: NGVC) is a rapidly expanding specialty retailer of natural and organic groceries and dietary supplements whose products meet strict quality guidelines. As of March 31, 2025, Natural Grocers operates approximately 169 stores in 21 U.S. states, with plans to open between 4 and 6 new stores in 2025 and relocate or remodel between two and four stores.
Tucson is the second largest metropolitan area in Arizona with just over one million residents and serves as an anchor to businesses located in the Southern Arizona corridor. Tucson offers its community an outstanding quality of life along with a low cost of doing business. Over the next five years, the metro is projected to add roughly 37,000 new residents.

Natural Grocers - Tucson, AZ_ Marketing Package

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Supermarket

Building Size

15,100 SF

Building Class

Year Built

2016

Price

$8,811,047 CAD

Price Per SF

$583.51 CAD

Cap Rate

6.25%

NOI

$550,690 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.21

Lot Size

1.66 AC

Frontage

516’ on E River Rd

Pylon Sign

Signage

Retailer
99,999 SF
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For more than several years, Natural Grocers has combined the affordability of natural groceries and supplements with free health and nutrition education. Their industry leading standards are never compromised in order to empower their community. Their mission is shared through providing a selection of more than 30,000 natural and organic groceries, supplements, body care and household products as well as free science-based literature, nutritional counseling, and educational cooking demonstrations led by enthusiastic, knowledgeable employees. Providing access to accurate nutrition information and the highest quality natural products is why they exist.