CrownPoint Partners announced on June 4, 2025, the $3.6 million sale of a net-leased Kroger property in Laurel, Mississippi. The transaction involved a 44,046-square-foot Kroger store and a Kroger Fuel Center on a 4.2-acre parcel.
Kroger has operated at this location for over 40 years, with its lease commencing in 1982. This long-term occupancy history underscores the property's strong fundamentals and its role as a critical retail destination for the surrounding community.
The buyer, a subsidiary of Essential Growth Properties, acquired the property, demonstrating continued demand for essential retail assets in secondary and tertiary markets. This sale reflects the investment value associated with stable, long-term tenants like Kroger.
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