$8,429,647 USD
216-264-2000
HIGHLIGHTS
- Single-Tenant, Absolute NNN ALDI Grocery Store With Zero Landlord Responsibilities
- #1 Store Opening in Region
- Brand-New 2025 Renovation Of Former Staples | 23,884 SF Freestanding Grocery On 2.73-Acre Parcel
- 19.5 Years Of Remaining Lease Term With Four, 5-Year Renewal Options Extending Through 2065
- 10% Rent Increases Every 5 Years Throughout Initial Term And All Options
- Full Corporate Guaranty By ALDI Inc., Backed By The Albrecht Family (Private Ownership)
FOR SALE DETAILS
PRICE
$8,429,647 USD
PRICE/SF
$421 USD /SF
CAP RATE
5.1%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Aldi 20 Yr Abs NNN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Storefront, Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.73 AC
LAND SF
118,919 SF
ZONING
-
APN/PARCEL ID
0036-S-00027-0000-00
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216-264-2000
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216-264-2000
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