Commercial Property Profile: Whole Foods Market

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Whole Foods Market, Inc. is an American supermarket chain. They specialize in selling high-quality natural and organic products, with a strong emphasis on perishable foods. Whole Foods is publicly traded on the Nasdaq Exchange as WFMI, with a market capitalization of $10 billion.

Headquartered in Austin, Texas, with 480 stores across the United States, United Kingdom, and Canada, Whole Foods is a premium net leased investment because of their strong credit rating and recent acquisition by parent company Amazon (Nasdaq: AMZN). Primary lease terms are typically a 20-year triple net ground lease with 5-year renewal options. For 2017, cap rates and sales prices averaged 5.00% and $25,000,000 respectively.