Costco

Tenant Description

Costco Wholesale Corporation, is an American multinational corporation which operates a chain of membership-only warehouse clubs. As of 2015, Costco was the second largest retailer in the world after Walmart. Costco is ranked #15 on the Fortune 500 rankings of the largest United States corporations by total revenue.

Costco’s worldwide headquarters are in Issaquah, Washington, a suburb east of Seattle; the company opened its first warehouse in Seattle 36 years ago in 1983.

Costco focuses on selling products at low prices, often at very high volume. These goods are usually bulk-packaged and marketed primarily to large families and businesses. Most products are delivered to the warehouse on shipping pallets and these pallets are used to display products for sale on the warehouse floor. This contrasts with retail stores that break down pallets and stock individual products on shelves.

What To Look For When Buying A Costco

Building Size

What We Like About Costco

Everything about Costco is awesome

Competition

Other Grocery Chains

What Is Sold In A Costco

Wholesale products

Costco Website

https://www.costco.com/

Corporate Office Location

999 Lake Dr – Issaquah, WA 98027

Fast Facts

Costco’s annual membership fees account for 80 percent of Costco’s gross margin and 70 percent of its operating income.

As of January 2019, Costco operates 750+ stores.  500+ in the United States, 100+ in Canada, 40+ in Mexico, 25+ in the United Kingdom, 25+ in Japan, 15+ in South Korea, 10+ in Taiwan, 10+ in Australia, and they even operate one off stores in Spain, Iceland, France,

Stock Price
Tenant News
Average Cap Rate Trend
5.00%
2019
4.75%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Average Sale Price$15,000,000
Avg. Annual Rental Income$975,000
Avg. Price/SF$225/SF
Typical Lease TypeTriple Net
Typical Lease Term20 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PN/A

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