50700 Waterside Dr - Supermarket FOR SALE
Chesterfield, MI 48051 |
50700 Waterside Dr
Chesterfield, MI 48051
HIGHLIGHTS
- Upon completion of construction in November 2020, ALDI commenced its 20-year NNN ground lease which also includes six 5-year renewal options.
- ALDI’s lease features increasing rent escalations every 5 years that start at 4.70% in Year 6 and increase by 30 basis points at each 5-year interval.
- 3.0 MSF of retail, 7.8 MSF of industrial, and 3,263 multifamily units within a 3-mile radius of the site.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
ALDI
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
TOTAL BUILDING SIZE
21758
STORIES
1
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
100
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
15-09-20-177-001
