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Grocery property with strong tenant
Jens Mølhøj Olrik – Olrik Investment
Olrik Investment ApS · Vallensbæk · Off-market advisory

Grocery & supermarket real estate – stable cash flow assets

We advise on properties leased to Danish grocery chains – Netto, Rema 1000, f\u00f8tex, SuperBrugsen, Lidl and others. The segment is attractive for investors seeking stable cash flow with low cyclical risk and long WAULT.

7+ years WAULT Recession-resilient Stable returns

Why are grocery properties attractive?

Supermarkets and grocery stores deliver essentials that consumers always need. Revenue is less cyclically sensitive than other retail segments, and the largest chains have strong balance sheets and steady expansion. Typical leases run 10-20 years with indexation and strong covenants. We actively seek grocery properties nationwide with minimum 7 years WAULT. See also our logistics segment and broader real estate mandates.

Supermarket property

Grocery yield-stack

Where does 4.75-5.5% grocery IRR come from?

Grocery delivers the lowest IRR level in institutional real estate — but also the highest covenant strength and lowest volatility.

Total IRR (10-15 years)5,5%
Net initial yield4,8%
Indexed lease from Netto/Rema/føtex
CPI indexation0,7%
Auto pass-through on inflation
Capital appreciation0,1%
Limited — defensive asset class

Indicative for stabilised prime grocery 2026 with Tier 1 covenant and 7+ year WAULT.

Grocery development

We also source land for grocery development

We work closely with developers and chains seeking new grocery locations. Criteria: built or undeveloped land from ca. 6,000 sqm, location near towns with 4,000+ inhabitants and catchment of 14,000+, good access and room for ca. 100 parking spaces. Typical store size 900-1,400 sqm. Do you know of relevant sites or existing assets? Get in touch.

WAULT premium
7+year WAULT

Institutional investors require 7+ year WAULT for grocery — 10+ for pension-fund-grade mandates.

Grocery properties tighten to prime cap rates 4.75-5.5% when WAULT is 10+ years and tenant is investment-grade (Coop, Salling, Rema 1000, ALDI). Shorter contracts or secondary locations 50-100 bp wider.

Discretion, experience and trusted relationships

The largest Danish grocery chains are Netto, Rema 1000, f\u00f8tex, Bilka, SuperBrugsen, Kvickly, Lidl, Meny and Coop 365discount. Properties with these as primary tenants attract institutional capital thanks to strong covenant and index-linked leases.

Frequently asked questions about grocery and supermarket real estate

Start a confidential conversation

Call us directly – or send a short enquiry. All dialogues are non-binding and confidential.

+45 30 58 81 53 jens.olrik@gmail.com
Nordmarksvænge 80, 2625 Vallensbæk, Denmark
Coverage: Denmark, Nordics and Europe
All enquiries are handled in confidence

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