535 Whittington Dr - Retail FOR SALE


Madisonville, KY 42431
$2,200,000 USD
248-688-0631
535 Whittington Dr, Madisonville, KY for Sale
$2,200,000 USD
Retail - FOR SALE
1/8
null | 5% Cap Rate

535 Whittington Dr
Madisonville, KY 42431


HIGHLIGHTS

  • Brand New 15-Year Ground Lease | Options To Extend | Scheduled 10% Rental Increases | Corporate Tenant
  • NNN Ground Lease | Minimal Landlord Responsibilities
  • Adjacent to Kroger & Lowe’s Home Improvement | Strong Tenant Presence | Baptist Health Deaconess Hospital
  • Direct Residential Consumer Base | Strong Demographics

OVERVIEW

SRS Real Estate Partners is pleased to present the opportunity to acquire the leased fee interest in a brand-new, single-tenant Aldi property located in Madisonville, Kentucky. The property is backed by a newly executed 15-year ground lease with five (5) additional five-year renewal options, reflecting the tenant’s long-term commitment to the site. The lease features scheduled 10% rental increases every five years throughout the base term and options, offering reliable NOI growth and a built-in hedge against inflation. The lease is structured as an absolute NNN ground lease with zero landlord responsibilities, making it an ideal opportunity for out-of-state or passive investors seeking long-term income from a corporate tenant. The tenant, ALDI Inc., is a wholly owned subsidiary of ALDI, one of the largest grocery chains in the U.S. with more than 2,400 locations nationwide. The asset benefits from a strategic location adjacent to a high-performing Kroger and Lowe’s Home Improvement, which together report over 1.8 million annual visits and rank in the 93rd+ percentile statewide in their respective retail categories (Placer.ai, February 2025 – January 2026). The property is also surrounded by strong co-tenancy including McDonald’s, Harbor Freight, O’Reilly Auto Parts, Big Lots!, and Fresenius. Baptist Health Deaconess Madisonville, a 410-bed hospital with a 20-bed ICU, is located just five minutes away, further enhancing daytime population and foot traffic. The immediate area is supported by a strong residential base with over 26,000 residents and 14,000 employees within a five-mile radius. The one-mile trade area boasts an average household income exceeding $71,000, underscoring the stability and consumer demand fundamentals that support ALDI’s ongoing operations and long-term performance at this site.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$114 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Aldi

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

96

LAND DETAILS

LAND ACRES

2.31 AC

LAND SF

100,624 SF

ZONING

General Commercial

APN/PARCEL ID

M-31-4-3-7

ASK ABOUT THIS PROPERTY

Frank RogersSRS Real Estate PartnersMore Info
248-688-0631

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Frank RogersSRS Real Estate PartnersMore Info
248-688-0631

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