Kroger
Investment-grade (BBB) grocer whose Albertsons merger was blocked and terminated in December 2024 (litigation over fees followed). Kroger closed roughly 60 underperforming stores in 2025, so check store-level sales and fuel-center contribution.
- US units
- 2,697
- FY2025 (Jan 2026; all banners)
- 3Y net growth
- −0.8%
- vs. FY2022
- Credit rating
- BBB
- Investment grade
- Typical term
- 20 yr
- NNN
- Model
- Corporate
- Public
Unit count
Kroger in the news
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Kroger net lease FAQ
What is Kroger's credit rating?
Kroger is rated BBB, which is investment grade. Check the lease to confirm whether the rated entity is the actual guarantor.
How many Kroger locations are there in the US?
Kroger reported about 2,697 US locations as of FY2025 (Jan 2026; all banners). That is −0.8% versus 2,719 in FY2022.
What does a typical Kroger net lease look like?
Lease type: NNN. Initial term: 20 yr. Rent increases: Flat primary; increases at options. These are market-typical terms; actual deals vary by vintage, location and whether the lease is corporate or franchisee-signed.
Is Kroger corporate or franchised?
Operating model: Corporate. For net lease investors this determines whether rent is backed by the corporate parent or by a franchisee.