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WinCo Foods NNN Investor Hub | Cap Rate Trends, Credit Rating Trends, Lease Terms & Due Diligence

WinCo Foods

Last Year Cap

6.5%

This Year Cap

6.7%

Cap Change

0.3%

WinCo Foods – NNN Cap Rate Trend

Cap Rate Trends

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at Tenant Year Cap Rate
5779 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,020 6.5
5780 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,021 6.3
5781 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,022 6.0
5782 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,023 6.3
5783 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,024 6.6
5784 admin2 2026 04:17 AM admin2 2026 04:17 AM 7 Brew 2,025 6.6
Tenant Year Cap Rate
1031 Exchange
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Credit (what net-lease buyers care about)

Credit Snapshot

WinCo Foods

Cap Rates NNN
Last Year 6.5%
This Year 6.7%
Change 0.3%
S&P Rating CREDIT
Last Year NR
This Year NR
Change No change

WinCo Foods Net Lease: Secure, Essential Investment

WinCo Foods is a well-established, employee-owned supermarket chain known for its warehouse-style grocery stores, low-price business model, and focus on essential consumer goods. This guide reviews cap rates, lease terms, tenant profile, and key due diligence considerations for buyers and sellers evaluating WinCo Foods NNN properties.

For 1031 exchange buyers, WinCo Foods NNN Properties are important to compare with other grocery-anchored investments, as lease structure, remaining lease term, rent escalations, and real estate fundamentals can materially impact pricing, financing, and long-term investment performance.

Investors often target WinCo Foods assets for:

  • Stable Grocery Income
  • Essential Retail Tenant
  • Employee-Owned Business Model
  • Attractive 1031 Exchange Compatibility

WinCo Foods NNN Properties for 1031 Exchange Buyers

WinCo Foods NNN Properties often trade differently than discretionary retail assets because grocery stores provide essential goods and typically benefit from recurring customer traffic. Buyers should carefully evaluate lease structure, remaining lease term, renewal options, rent escalation schedule, maintenance obligations, parking, building functionality, and long-term market demand to understand risk and return.

WinCo Foods – Credit Trend (S&P vs Moody’s)

Tenant_Rating_Trend

wdt_ID wdt_created_by wdt_created_at wdt_last_edited_by wdt_last_edited_at TenantKey Tenant Year Moody SP Moody_Grade SP_Grade Moody_GradeRank SP_GradeRank
1 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2022 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
2 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2023 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
3 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2024 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
4 admin2 2025 03:43 PM admin2 2025 03:43 PM 7eleveninc 7-Eleven, Inc. 2025 Baa2 A Lower Medium Grade Upper Medium Grade 5 6
5 admin2 2025 03:43 PM admin2 2025 03:43 PM 99centsonlystoresllc 99 Cents Only Stores, LLC 2022 Caa2 CCC+ Substantial Risk Substantial Risk 2 2
TenantKey Tenant Year Moody SP Moody_Grade SP_Grade Moody_GradeRank SP_GradeRank

WinCo Foods Investment Market Statistics

AVERAGE SALE PRICE

$11,800,000

BUILDING SIZE

70,000 – 95,000 SF

AVERAGE NOI

$690,000

LAND

7.0 – 12.0 acres

$/SF RANGE

$150 – $210

LEASE TERM SHOWN

20 years

WinCo Foods Investor Snapshot (Quick Facts)

Origins & Growth (Past)

  • Founded in 1967 in Boise, Idaho
  • Started as Waremart Foods warehouse grocery stores
  • Transitioned to the WinCo Foods brand in 1999
  • Expanded across the Western and Central United States
  • Adopted a unique employee-owned (ESOP) business model
  • Focused on low-cost, no-frills supermarket operations
  • Built efficient distribution and supply chain networks
  • Established itself as a leading discount grocery retailer
 
 
 

Where WinCo Foods Stands Today

  • Strong Western U.S. grocery footprint
  • Leading employee-owned supermarket chain
  • High-volume value-focused stores
  • Employee-owned operating model
  • Efficient distribution network
  • Focus on low prices and operational efficiency

Where WinCo Foods Stands Today

  • Supply Chain Efficiency
  • Distribution Expansion
  • Customer Loyalty
  • Store Optimization
  • Value Pricing Focus
  • Operational Efficiency
  • Essential Grocery Demand

Why investors buy WinCo Foods NNN Properties or WinCo Foods ground Lease Properties?

Pros (what buyers like)

  • Essential Grocery Tenant
    Sells everyday necessities that generate consistent customer traffic.
  • Employee-Owned Business Model
    Unique ESOP structure with a long operating history and focus on long-term performance.
  • High-Volume Store Format
    Large-format supermarkets serving broad trade areas with repeat customer visits.
  • Attractive Lease Structures
    Long-term NNN or ground leases appeal to passive investors and 1031 exchange buyers.

Cons (what can bite you)

  • Lease Structure Variability
    Some assets may be NN or modified NNN with landlord responsibilities.
  • Limited Rent Growth
    Some leases include minimal or infrequent rent escalations.
  • Large Building Footprint
    Big-box grocery layouts can be more challenging to re-tenant if vacated.
  • Market Competition
    Faces competition from national grocery chains, warehouse clubs, and discount retailers.

Find out more

WinCo Foods Background & History

WinCo Foods is an employee-owned supermarket chain best known for its warehouse-style grocery stores, low-price business model, and broad selection of everyday essentials. Founded in 1967, the company has grown into one of the largest discount grocery retailers in the western United States by focusing on operational efficiency and value pricing.

Over time, WinCo Foods expanded its footprint through company-owned stores, regional distribution centers, and a vertically integrated supply chain. Today, customers rely on WinCo locations for groceries, fresh produce, meat, bakery items, bulk foods, and household essentials at competitive prices.

As consumer demand for value-oriented grocery shopping has increased, the company has continued investing in efficient operations, supply chain improvements, and strategic store expansion while maintaining its employee-owned business model.

Why WinCo Foods Matters to NNN Investors

WinCo Foods operates a large-format supermarket network serving customers across multiple western and central U.S. states. Its business model is centered on essential grocery products, recurring customer visits, and everyday value pricing, creating consistent consumer traffic regardless of economic conditions.

Many WinCo stores occupy highly visible retail sites with ample parking and strong accessibility, making them important anchors within their trade areas. The company’s focus on operational efficiency, private-label offerings, and employee ownership has helped support long-term business stability.

Because grocery stores provide essential goods and generate repeat customer traffic, WinCo Foods remains an attractive tenant for many net lease investors seeking stable retail assets.

What Buyers and Sellers Should Evaluate

For investors evaluating WinCo Foods NNN properties, a WinCo Foods net lease, or a WinCo Foods ground lease, the investment thesis is typically centered on real estate quality, store performance, and lease structure. Buyers generally place greater emphasis on location fundamentals, remaining lease term, and long-term property usability than on store count alone.

Common searches include WinCo Foods real estate, WinCo Foods cap rate, WinCo Foods lease term, WinCo Foods tenant profile, and WinCo Foods NNN properties. Ultimately, investment value is driven by lease economics, rent escalations, site quality, demographics, and the property’s role within the company’s operating network.

Since grocery stores serve daily consumer needs, investors should evaluate each property individually, including traffic counts, visibility, access, surrounding competition, population growth, parking, and lease language defining landlord responsibilities. Long-term cash-flow durability, renewal probability, and exit strategy should also be considered before underwriting a WinCo Foods investment.

Corporate vs. Franchise | Store Count

WinCo Foods operates under a fully company-owned, employee-owned (ESOP) model, with no franchising. For NNN and ground lease investors, this means leases are generally backed by the corporate entity, providing a clear lease obligor and reducing credit ambiguity. In the U.S., WinCo Foods operates 140+ supermarket locations across the western and central United States. For investors, lease structure, store performance, real estate quality, and long-term tenant stability typically matter more than total store count.

WinCo Foods Financial Snapshot

WinCo Foods is a privately held, employee-owned supermarket chain generating billions in annual revenue through its nationwide grocery operations. Its performance is supported by a value-focused business model, efficient supply chain, and consistent demand for essential grocery products. For net lease investors, WinCo Foods' operational stability, established market presence, and corporate lease structure are important factors when evaluating long-term lease reliability and income potential.

WinCo Foods Lease Types

Most single-tenant WinCo Foods properties are structured as long-term NNN or ground leases, although lease terms vary by property. Some assets may include modified NNN provisions with limited landlord responsibilities. Buyers should carefully review lease language, expense responsibilities, rent escalations, and remaining lease term before underwriting and pricing the investment.

our team of experts are here for you

Our team helps investors evaluate NNN properties with practical, market-based guidance. In addition, we support buyers and sellers with lease review, pricing analysis, and due diligence strategy.

Whether you are comparing WinCo Foods ground lease properties or fee simple WinCo Foods assets, we can help you review the details that affect risk and long-term value. As a result, clients can make more confident decisions based on lease structure, location quality, and investment goals.

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