ALDI
Long Term Lease | 10% Increases Every 5 Years | Strong Retail Corridor | 20-Year Roof Warranty
Marketing description
Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple condominium interest in a single tenant property leased to Aldi, (the “Property”) in Wyomissing, Pennsylvania, a borough in Berks County just two (2) miles from Reading. Before Aldi’s lease commenced, a brand new roof was installed in October of 2022 and comes with a 20-year transferable warranty. Aldi’s lease commenced in June of 2023 and has over twelve and one half (12.5+) years remaining. The lease features ten percent (10%) rental increases every five (5) years. Aldi is strategically located within the Woodmill Commons shopping center, joining national retailers such as, JOANN, Old Navy, and Raymour & Flanigan. The property is easily accessible via a signalized entrance on Woodland Road, as well as from Berkshire Boulevard. The property is just seconds away from US-222, a major thoroughfare that stretches from eastern Pennsylvania to northern Maryland, with a daily traffic volume of over 98,000 vehicles. The 5-mile area surrounding the Property exhibits excellent demographics with a population of nearly 206,000 and over 76,000 households, increasing from 2020. The population and number of households within the area are projected to continue to rise through 2029. The average household income (AHHI) within 1-mile of the property surpasses $105,000. Aldi is situated in a vibrant retail corridor, home to a variety of shopping centers, malls, and other retail destinations. The retailers in this area consistently rank among the top in their respective categories. The nearby Target ranks in the top 94th percentile of its chain in the United States and the Berkshire Mall ranks in the top 72nd percentile of Regional Malls within United States (Placer.ai). Aldi is the fastest-growing grocer in the country, known for offering shoppers the lowest prices among national grocery chains. Their budget friendly pricing is due to them carrying more than 90% Aldi-exclusive, private-label brands and buying in bulk, allowing them to negotiate better prices with suppliers. For seven years running, ALDI has been recognized by the dunnhumby Retailer Preference Index as #1 in Everyday Low Price.
Investment highlights
LONG TERM LEASE FEATURING RENTAL INCREASES – Aldi currently has over twelve and one half (12.5+) years remaining on their lease which features ten percent (10%) rental increases every five (5) years.
PRIME LOCATION – Aldi is strategically located within the Woodmill Commons shopping center, offering excellent visibility to high local traffic. The property is easily accessible via a signalized entrance on Woodland Road, as well as from Berkshire Boulevard.
NEW ROOF – In October 2022, right before Aldi's lease began, a brand-new roof was installed on the property, complete with a 20-year transferable warranty.
BUDGET-FRIENDLY TENANT – Aldi is the fastest-growing grocer in the country, known for offering shoppers the lowest prices among national grocery chains. Their budget-friendly pricing is due to them carrying more than 90% Aldi-exclusive, private-label brands and buying in bulk, allowing them to negotiate better prices with suppliers. For seven years running, ALDI has been recognized by the dunnhumby Retailer Preference Index as #1 in Everyday Low Price.
CLOSE PROXIMITY TO US-222 (98,000+ VPD) – The property is just seconds away from US-222, a major thoroughfare that stretches from eastern Pennsylvania to northern Maryland, with a daily traffic volume of over 98,000 vehicles.
IMPRESSIVE PLACER.AI DATA ON SURROUNDING RETAIL – Aldi is situated in a vibrant retail corridor, home to a variety of shopping centers, malls, and other retail destinations. The retailers in this area consistently rank among the top in their respective categories, according to Placer.ai.
BUSTLING RETAIL CORRIDOR – Aldi is surrounded by a host of nearby, national retailers along such as: Walmart, Target, The Home Depot, Wells Fargo Bank, Citizens, Truist Bank, Best Buy, LA Fitness, Dick’s Sporting Goods, Burlington, T.J. Maxx, Marshalls, Ross Dress for Less, PetSmart, Petco, Five Below, Staples, JOANN, Dollar Tree, Verizon, T-Mobile, Applebee’s, Olive Garden, Outback Steakhouse, Wawa, McDonald’s, Chick-Fil-A, Starbucks, Taco Bell, Wendy’s and Burger King demonstrating the strength of the retail corridor.
DENSELY POPULATED, AFFLUENT AREA – The 5-mile area surrounding the Property exhibits excellent demographics with a population of nearly 206,000 and over 76,000 households, increasing from 2020. The population and number of households within the area are projected to continue to rise through 2029. The average household income (AHHI) within 1-mile of the property surpasses $105,000.
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