Institutional Property Advisors (“IPA”), a division of Marcus & Millichap, is pleased to offer the opportunity to acquire a 60,762 square foot Haggen grocery store located at 3711 88th Street NE, Marysville, WA (the “Asset” or “Property”). The Asset is 100% leased to Albertsons, d.b.a Haggen on an absolute net lease with +/- 9.5 years of firm term remaining, a 10% rent increase on January 1, 2028, and two (2) five-year renewal options. Haggen recently executed a 10-year lease extension in 2020, has a 20- year operating history at this location, and benefits from a healthy 2.63% occupancy cost ratio. The offering provides investors with a stable income stream secured by Albertsons, which boasts an $11.6B market capitalization as of May 2023 and is in the process of being acquired by Kroger. If the merger is approved, the Kroger/Albertsons consolidated company would boast a $46.75B market capitalization, a BBB S&P investment grade credit rating, and will become the second largest grocery retail chain in the United States. The Property represents an excellent 1031 exchange or passive investment opportunity with zero management responsibilities, a secure long-term income stream and contractual rental increases.