Series; In Today's Market, Grocery Stores are a Critical Anchor for Retail II

By
Commercial Real Estate Agent with KW Commercial

 This is the 2nd of a series that looks at the relationship of grocery anchored centers and the retailers located within the center.

The main nationally ranked players located in Clark County are:

  • Wal-Mart
  • Trader Joes
  • Whole Foods
  • Albertsons
  • Safeway
  • Fred Meyer (Kroger's)
  • Costco
  • WinCo Foods

 

Grocery Sales & Rank Reported for the Previous Year



 








Grocer         / National Rank/ Total Sales # of Locations / Average Sales per Sales per


in Billions /
Location in Millions / Week
 Wal-Mart           2007    1 $233 2981 $78
                      2010    1 $262 4624 $56 $1,089,632






Krogers             2007    2 $66 4276 $15.50
(Fred Meyer)     2010    2 $76 3634 $21 $402,184






Costco               2007    3 $59 458 $129
                    2010    3 $71.4 527 $135 $2,605,500






Safeway             2007    4 $40.5 1767 $23
                     2010    5 $40.8 1730 $23.5 $453,000






Albertsons          2007    19 $8 391 $24.5
                      2010    32 $4.2 235 $18 $343,699






Whole Foods      2007    23 $5.6 188 $29.8
                     2010    21 $8 286 $28 $538,461






Traders Joe        2007    27 $5 262 $19.0
                       2010    21 $8 350 $22.9 $440,384






WinCo Foods     2007    43 $2.7 54 $50
                    2010    31 $4.3 70 $61.4 $1,181,318

 Most of my numbers and rankings come from either SuperMarket News, or Food Marketing Institute or articles on the grocery sector and each of the grocers listed above are ranked in the top 75 grocers in the US. These statistics begin to tell a story of the strength of the grocery store as an anchor tenant in Clark County.  First of all, Costco is the 800 pound Gorilla with weekly sales of over $2.6 million per location nationally.  To round out the top three grocers in weekly sales are Wal-Mart and WinCo Foods each with over $1 million in weekly sales per store nationally.  All other grocers dramatically lag behind the top three.  There are other factors that may or may not be revealed in these numbers as they are associated with our market area.  Costco is about to have their 2nd store in Clark County, which will be located at the intersection of 192nd and 1st Street.  Wal-Mart has two Super Center locations in the county and WinCo just opened their fourth location. On the national scene, Albertsons reveal they have closed over 150 locations and in Clark County they have closed their stores on 164th and in Orchards.  Imagine the difficulty the retail tenants are experiencing when the anchor has closed their doors.  The next blog in this series will examine the weekly sales and how that impacts traffic into their parking lots.  For retailers, the destination shopper means more traffic into their parking lot. 

 

Posted by

Joe Sosky is the Managing Director for KW Commercial in Vancouver, Washington, as well as a developer of NNN leased properties.  Give me a call if you have a client who may want to buy, sell or lease a Commercial or Investment property.  Each month we teach people how to become a Millionare Real Estate Investor.  Our Workshops are held in Downtown Vancouver on the 3rd Tuesday of each month!  Email info@jtsinvesting for more information!

Joe Sosky; Commercial Real Estate Associate Broker and Investment Specialist
KW Commercial
360-816-9652
joe@kwcommercial.com

 

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