# AX Essential Retail Portfolio, DST

> The portfolio consists of four standalone grocery assets spanning approximately 39.0 acres, totalling 248,103 square feet of net rentable area and 1,458 parking spaces, built between 1995 and 2001.

Source: https://baker1031.com/invest/ax-essential-retail-portfolio-dst


## Key terms

| Term | Value |
|---|---|
| Status | Under review |
| Property type | Retail |
| Sponsor | Apollo |
| Location | Washington |
| Minimum investment | $25,000 |
| Year-1 projected distribution | 4.30% |
| Average projected distribution | 4.75% |
| Projected hold | 7–10 yrs |
| Offering size | $91,520,000 |
| Equity raise | $91,520,000 |
| Debt | $0 |
| Loan-to-value | All cash |
| 721 exit | Optional |

## Projected distributions by year

| Year | Projected distribution |
|---|---|
| Year 1 | 4.30% |
| Year 2 | 4.40% |
| Year 3 | 4.50% |
| Year 4 | 4.60% |
| Year 5 | 4.70% |
| Year 6 | 4.80% |
| Year 7 | 4.90% |
| Year 8 | 5.00% |
| Year 9 | 5.10% |
| Year 10 | 5.20% |

## Overview

The portfolio consists of four standalone grocery assets spanning approximately 39.0 acres, totalling 248,103 square feet of net rentable area and 1,458 parking spaces, built between 1995 and 2001.

Safeway Inc. doing business as Haggen, Inc, a Pacific Northwest grocery banner operating across Washington, is the tenant for all four portfolio assets and functions as a wholly owned subsidiary of Albertsons Companies, Inc., one of the largest food and drug retailers in North America. Haggen emphasizes fresh, locally sourced products, community engagement, and premium service standards. It also benefits from Albertsons’ national scale, private-label programs, centralized distribution, and omnichannel platform, including Drive Up & Go pickup, home delivery, and partnerships with Instacart, DoorDash, Uber, and Grubhub.

The portfolio represents approximately 25% of Haggen’s regional sales, with three of four stores ranking in the top quartile for foot traffic and generating ~4.2 million annual visits for the trailing twelve months ended August 2025. The assets’ performance reflects strong customer loyalty and resilient demand for essential, needs-based retail within Haggen’s core markets.

Information reflects my offering records as of October 28, 2026 and may have changed. Projected distributions are the sponsor's estimates, are not guaranteed, may change or stop, and may include a return of capital. To request the offering documents, contact hello@baker1031.com or visit https://baker1031.com/invest/ax-essential-retail-portfolio-dst.

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Securities are offered through Aurora Securities, Inc., member FINRA/SIPC. Baker 1031 Investments, LLC is independent of Aurora Securities, Inc. and is not a registered broker-dealer or investment adviser. This content is general education, not investment, tax, or legal advice, and is not an offer to buy or sell securities. Offers are made only through the offering documents to eligible investors, generally accredited investors. DST interests are illiquid, distributions are not guaranteed, and you can lose your entire investment.

Contact: Jerry Baker, Baker 1031 Investments · hello@baker1031.com · (415) 965-0552 · https://baker1031.com/contact