1260 W Granada Blvd - Freestanding FOR SALE


Ormond Beach, FL 32174- Outer Ormand Beach
$3,372,093 USD
847-562-8500
1260 W Granada Blvd, Ormond Beach, FL for Sale
$3,372,093 USD
Freestanding - FOR SALE
1/3
null | 4.3% Cap Rate

1260 W Granada Blvd
Ormond Beach, FL 32174
Outer Ormand Beach


HIGHLIGHTS

  • 13+ years remain on the primary lease term
  • Income tax free state (Florida)
  • Ground Lease – NNN – No landlord responsibilities
  • Rental escalations throughout the primary term and options
  • Anchor to Shops on Granada – Petco, Chipotle, TD Bank, Aspen Dental, Mattress Firm, AT&T
  • Average household income exceeds $96,000 within five miles

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant ground leased ALDI located within the Daytona MSA in Ormond Beach, Florida. The property was constructed by ALDI in 2019 with a long-term lease through September 2039. The lease features no landlord responsibilities and rental escalations throughout the primary term and six 5-year renewal options. Additionally, Florida is an income tax free state. The 21,855-square-foot building is situated along West Granada Boulevard (36,000 VPD) and benefits from proximity to Interstate 95, which sees over 79,000 vehicles per day. The property lies within a primary retail corridor anchored by nationally recognized tenants including Lowe’s, Walmart, Publix, Ross, Chase Bank, Charles Schwab, and Chick-fil-A. Additionally, ALDI anchors the nearby Shops on Granada center, which features Petco, Chipotle, TD Bank, Aspen Dental, Mattress Firm, and AT&T. The surrounding area boasts a population of more than 105,000 residents within a five-mile radius, with an average household income exceeding $96,000. ALDI is a global discount supermarket chain founded in 1946 by brothers Karl and Theo Albrecht in Essen, Germany. Initially a small family-run store, ALDI grew into one of the world’s largest privately-owned retail chains, operating over 13,200 stores across more than 20 countries, including Germany, the United States, Australia, and the United Kingdom. The company’s core philosophy centers on providing high-quality products at the lowest possible prices, achieved through efficient operations, a limited product assortment, and a focus on private-label brands. ALDI’s no-frills shopping experience, characterized by minimal store decor and customers bagging their own groceries, allows it to maintain low overhead costs, passing savings directly to consumers.

FOR SALE DETAILS

PRICE

$3,372,093 USD

PRICE/SF

$154 USD /SF

CAP RATE

4.3%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

ALDI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

1400

APN/PARCEL ID

4230-20-00-0020

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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