Stats

$12,294,117

Asking Price

5.10%

Cap Rate

$627,000

NOI

NN

Lease Type

Highlights

Fee simple - land and building

Corporate guarantee from Aldi, Inc. which leases entire building. A portion of property is subleased to Planet Fitness

Affluent demographics – 72,625+ population within a 5-mile radius with an average household income of over $166,888
Four, five-year options with 10% rent increases at each option

Thriving corridor with expanding retail and housing under development

Seller will provide buyer with rent credit equal to the difference between current rent and bumped (Year 6) rent

Location Map

Team

Jonathan Hipp

Jonathan Hipp

Principal, Head of U.S. Net Lease
Avison Young
Richard Murphy

Richard Murphy

Senior Vice President
Avison Young
Tim Farrell

Tim Farrell

Senior Associate
Avison Young