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Views: 22 DOM: 48 Updated: 10.25.24 Posted: 10.04.24 Status: Active

Summary

Price $2,300,000
Built/Renov 2023
Tenant ALDI (GL)
Cap Rate 5.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 20,664
Lease Start 11-16-2023
#Units 7,162
Price/SF $111.30
Expiration 11-30-2043
Tenant Type Grocery
NOI $115,000
R. Term 19.0
Ownership Ground Lease
Rent/SF $5.57
Increases 0.0%/0/yrs
Pop 5Mi 55,084
Lot/AC 2.15
Options 6/5yrs
AHHI 5Mi $83,679

Lease Highlights

  • New 2023 construction
  • Aldi has 19 years remaining on the current ground lease term with 6 (5-year) options to extend
  • The lease features fluctuating rental increases at the start of each option period
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

The newly built ALDI is strategically located at the signalized intersection of County Road 276 (Sandusky Road N) and US Highway 52 (Ohio River Scenic Byway), a major commercial and commuter corridor with an impressive 32,300 vehicles passing daily. This high-visibility property offers exceptional frontage and prominent signage, ensuring strong exposure to passing traffic. As part of a larger...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: ALDI
  • Guarantor:Corporate
  • Company:ALDI SOUTH Group
  • # Units:7,162
  • Stock:Private

About Tenant

ALDI is a small-format supermarket chain focusing on creating an efficient shopping experience, saving customers time and money without sacrificing quality. ALDI mainly sells a range of grocery...


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Listing Broker

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