Lucky Supermarket Property in San Francisco Sold

Got story updates? Submit your updates here. ›

A grocery-anchored retail center in San Francisco, home to a Lucky Supermarket location, has been acquired by a Los Angeles-based investor as part of a 1031 exchange transaction.

Why it matters

The sale of this grocery-anchored property highlights the ongoing demand for retail assets anchored by essential businesses like supermarkets, even as the retail landscape continues to evolve. The 1031 exchange structure also indicates the investor's interest in deferring capital gains taxes on the sale of a previous property.

The details

The Lucky Supermarket property, located in San Francisco, was acquired by a Los Angeles-based investor as part of a 1031 exchange. 1031 exchanges allow investors to defer capital gains taxes when selling an investment property, as long as the proceeds are reinvested into a new property of equal or greater value. The specifics of the sale, including the purchase price and the identity of the buyer, were not disclosed.

• The Lucky Supermarket property was recently sold in February 2026.

What’s next

The new owner of the Lucky Supermarket property will likely look to maintain the grocery store's operations and continue to generate stable rental income from the retail center.