146 Backbone Rd E - Supermarket FOR SALE
Princeton, IL 61356 |
$2,675,000 USD
949-942-6585
146 Backbone Rd E
Princeton, IL 61356
HIGHLIGHTS
- New-Construction Single-Tenant ALDI
- New 20-year absolute NNN corporate ground lease
- 8% increases every 5 years during the base term and 10% increases in each of the eight 5-year options
- ALDI has over 2,400 stores and is the third-largest grocery chain by store count in the U.S
- Surrounded by Princeton’s Largest Employers: The property is within close proximity to the Ace Hardware distribution Center (605 employees)
- Prominent Exposure; Strategically Located at the Intersection of County Road and N. Main Street, Two Major Thoroughfares in the City of Princeton
FOR SALE DETAILS
PRICE
$2,675,000 USD
PRICE/SF
$136 USD /SF
CAP RATE
4.85%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
ON GROUND LEASE
Yes
BUILDING DETAILS
PROPERTY NAME
Aldi
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.81 AC
LAND SF
35,433 SF
ZONING
-
APN/PARCEL ID
16-09-102-005
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949-942-6585
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949-942-6585
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