Are you interested in purchasing a fee simple single tenant Food Lion triple net lease property for 1031 exchange?
We have access to a large inventory of Corporate Food Lion net lease or nnn lease properties for sale. Please send an email to info@nnndeals.com with your Food Lion 1031 exchange criteria and we will email you a short list of Food Lion nnn lease or triple net lease properties for sale.
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About Food Lion:
Food Lion LLC is an American grocery store company headquartered in Salisbury, North Carolina that operates approximately 1,300 supermarkets in 11 Southeast and Mid-Atlantic states under the Food Lion, Harveys Supermarket, Bloom, Bottom Dollar Food, and Reid’s banners. With approximately 73,000 associates,[1] Food Lion LLC is the largest subsidiary of Delhaize Group. Delhaize Group is a food retailer headquartered in Belgium which operates in 7 countries. Delhaize Group was founded in Belgium in 1867. The principal activity of Delhaize Group is the operation of food supermarkets in North America, Europe and Southeast Asia. Supermarket News ranked Delhaize America No. 10 in the 2007 “Top 75 North American Food Retailers” based on 2006 fiscal year estimated sales of $17.3 billion.[2]
Food Lion was founded in 1957 in Salisbury, North Carolina as Food Town by Wilson Smith, Ralph Ketner, and Brown Ketner. The Food Lion name was adopted in 1983,[3] several years after Belgium-based grocer Delhaize acquired the Food Town company.[4] The name change, while puzzling for American customers, made economic and historic sense for Delhaize. Once known as “Delhaize Le Lion,” the Belgian company was able to re-brand its new American subsidiary by changing just two letters on the “Food Town” signage.
