10310 Washington Hwy - Supermarket FOR SALE


Glen Allen, VA 23059
$4,310,000 USD
202-286-1542
10310 Washington Hwy, Glen Allen, VA for Sale
$4,310,000 USD
Supermarket - FOR SALE
1/8
null | 4.35% Cap Rate

10310 Washington Hwy
Glen Allen, VA 23059


HIGHLIGHTS

  • Brand New 20-Year Lease | Corporate Guaranty | Established Tenant | Options To Extend
  • Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
  • Across From Target Anchored Center | Near Creeks at Virginia Centre | In Stony Run Commons
  • Rare Richmond MSA Retail Opportunity | Glen Allen Submarket | High-Growth Corridor
  • Signalized Intersection | Excellent Visibility & Access
  • Local Demographics Within 5-mile Trade Area | Affluent AHHI

OVERVIEW

• ALDI recently signed a new 20-year lease with 6 (5-year) options to extend • This corporate guaranteed lease by ALDI, Inc. features 10% rent increases every 5 years and 8% at the beginning of each option • Aldi plans to open more than 180 new stores across 31 states by the end of 2026, for a total of 2,800 stores. This is part of a larger $9 billion five-year investment goal to reach 3,200 stores nationwide by 2028.

FOR SALE DETAILS

PRICE

$4,310,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

4.35%

% LEASED

-

TENANCY

Single

STATUS

Under Construction

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Aldi - Richmond VA MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

96

LAND DETAILS

LAND ACRES

2.77 AC

LAND SF

120,661 SF

ZONING

Commercial

APN/PARCEL ID

7787-36-2274

ASK ABOUT THIS PROPERTY

Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

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Andrew FallonSRS Real Estate PartnersMore Info
202-286-1542

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.