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DOM: 72 Updated: 05.20.24 Posted: 01.14.24 Status: Sold     03.26.24

Summary

Price $2,524,000 $2,789,000
Built/Renov 2000
Tenant ALDI (GL)
Cap Rate 5.25% 4.75%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 1,000
Lease Start 02-01-2023
#Units 7,162
Price/SF $2,524.00 $2,789.00
Expiration 02-28-2043
Tenant Type Grocery
NOI $132,500
R. Term 17.8
Ownership Ground Lease
Rent/SF $132.50
Increases 10.0%/9/yrs
Pop 5Mi 22,337
Lot/AC 4.47
Options 6/5yrs/10%
AHHI 5Mi $78,262

Highlights

  • Aldi has 19 years remaining on the current lease term with 6 (5-year) options to extend
  • Lease features 10% rental increase every 5 years starting year 10 and at the start of each option period
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

ALDI is ideally situated within the near fully occupied Peninsula Crossings shopping mall, between BJ's Wholesale Club and Lowe's Home Improvement on Dupont Blvd, with access to 31,000 vehicles passing by daily. It is surrounded by other major national retailers, including newly constructed outparcels featuring Texas Roadhouse, Taco Bell, Chick-fil-A, Grotto Pizza, and more. Notably, this...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: ALDI
  • Guarantor:Corporate
  • Company:ALDI SOUTH Group
  • # Units:7,162
  • Stock:Private

About Tenant

ALDI is a small-format supermarket chain focusing on creating an efficient shopping experience, saving customers time and money without sacrificing quality. ALDI mainly sells a range of grocery...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 2,577 13,329 22,379
2023 Total Population : 2,514 13,128 21,986
2023 Employed Civilian Pop : 1,102 6,234 10,428
2023 Total Businesses : 169 516 733
2023 Average Household Income : $ 72,380 $ 87,154 $ 94,198
2023 Total Consumer Spending : $ 69 M $ 405 M $ 716 M
2023 Median Age : 40 43 44
2023 Total Households : 1,099 5,360 8,739
2023 Pop Age 25+: Bachelor's Degree : 132 1,454 2,345
2023 Average Home Value : $ 261,694 $ 334,758 $ 364,861
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
HANDY ROAD Hickory Hill Rd 2020 209 0.10 mi
Dupont Boulevard Industrial St 2019 27,048 0.22 mi
Dupont Hwy Townecenter Blvd 2018 27,549 0.22 mi
Dupont Boulevard Townecenter Blvd 2016 26,827 0.23 mi
US113 DUPONT BOULEVA Townecenter Blvd 2020 21,503 0.23 mi
Dickerson Road Dupont Hwy 2021 619 0.33 mi
Mitchell St Arwill Ln 2003 2,668 0.33 mi
Dupont Hwy 2nd St 2003 21,026 0.37 mi
Mitchell Street Bobbys Branch Rd 2016 2,912 0.39 mi
MITCHELL STREET Bobbys Branch Rd 2020 1,794 0.39 mi

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