Albertsons / Safeway
Sub-investment grade (BB+) multi-banner grocer (Safeway, Vons, Jewel-Osco, Acme and others) that stayed independent after the Kroger merger was blocked in December 2024 and is suing Kroger over the failed deal. Many leases come from older sale-leasebacks with strong store-level rent coverage.
- US units
- 2,244
- FY2025 (Feb 2026)
- 3Y net growth
- −1.2%
- vs. FY2022
- Credit rating
- BB+
- Sub-investment grade
- Typical term
- 15-20 yr
- NNN
- Model
- Corporate
- Public
Unit count
Albertsons / Safeway in the news
All news →- Chain Store Age
- Supermarket News
- Grocery Dive
Albertsons / Safeway net lease FAQ
What is Albertsons / Safeway's credit rating?
Albertsons / Safeway is rated BB+, which is below investment grade. Check the lease to confirm whether the rated entity is the actual guarantor.
How many Albertsons / Safeway locations are there in the US?
Albertsons / Safeway reported about 2,244 US locations as of FY2025 (Feb 2026). That is −1.2% versus 2,271 in FY2022.
What does a typical Albertsons / Safeway net lease look like?
Lease type: NNN. Initial term: 15-20 yr. Rent increases: Increases at options. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Albertsons / Safeway corporate or franchised?
Operating model: Corporate. Albertsons / Safeway is part of Albertsons Companies. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.