2323 N Amidon Ave, Wichita, KS 67204

Store Size: The subject property is a single-tenant retail store totaling ±20,910 SF offered for sale at an asking price of $2,513,166 ($120 PSF), which is well below estimated replacement cost.

Dominant Retailer With Expansion Plans: ALDI operates more than 2,600 stores across the United States. In 2025, the company launched its largest-ever U.S. expansion initiative, with plans to open over 225 new stores by year-end. Backed by a $9 billion, five-year investment strategy, this aggressive growth is expected to continue into 2026, with a target of 2,800 U.S. stores this year.

Investor Friendly Lease: ALDI operates at the subject property under a double net (NN) lease structure with approximately ±8.5 years of remaining term and 10% rental increases every five years.

Retail Corridor: ALDI is strategically located approximately ±0.5 miles north of New Leaf Plaza, a Walmart Neighborhood Market–anchored shopping center generating approximately ±104,924 visits per month. The surrounding retail corridor is further supported by national and regional tenants including Planet Fitness, A-OK Pawn Shop, Popeyes Louisiana Kitchen, and numerous additional retailers.

University Proximity: The subject property is located less than four miles from Wichita State University. In Fall 2025, Wichita State reported a historic enrollment high of 18,458 students, representing a 4.3% year-over-year increase.

Strong Traffic Counts: ALDI benefits from excellent visibility and access along N. Amidon Avenue, capturing both northbound and southbound traffic with counts exceeding ±16,200 vehicles per day. The subject property also averages approximately ±43,219 monthly visits, according to AlphaMaps.

Strong labor market: According to the latest Bureau of Labor Statistics data, the Wichita labor market continues to expand, adding approximately 6,300 jobs in July compared to the prior year, reflecting steady economic growth in the region.