
Aldi 20 Yr Abs NNN | 10% Bumps | Corp Guaranty
Retail | 5.10% CAP | 23,884 SqFt
Investment highlights
• Single-Tenant, Absolute NNN ALDI Grocery Store With Zero Landlord Responsibilities
• Brand-New 2025 Renovation Of Former Staples | 23,884 SF Freestanding Grocery On 2.73-Acre Parcel
• 19.75 Years Of Remaining Lease Term With Four, 5-Year Renewal Options Extending Through 2065
• 10% Rent Increases Every 5 Years Throughout Initial Term And All Options
• Initial Cap Rate Of 4.85% With Cap Rate Expansion To 6.45% in Last 5 Years of Primary Term
• Full Corporate Guaranty By ALDI Inc., Backed By The Albrecht Family (Private Ownership)
• ALDI Operates Over 2,600 Stores Nationwide Across 40+ States With 45,000+ U.S. Employees
• Located On Banksville Road With 24,366 Vehicles Per Day Directly In Front Of The Property
• Less Than 1.5 Miles From I-376 With 90,303 Combined Vehicles Per Day At Split Exit Ramps
• Approximately 3 Miles From Downtown Pittsburgh In A Dense Infill Submarket
• Surrounded By Strong Daily-Needs And Discount Retail Including Dollar General, Dollar Tree Starbucks, McDonald’s, Kuhn’s Market And Walgreens
• Dense Trade Area With 18,905 Residents (1-Mile), 139,273 Residents (3-Mile), And 318,161 Residents (5-Mile)
• Affluent Demographics With Average Household Income Of $83,557 (1-Mile), $90,480 (3-Mile), And $88,495 (5-Mile)
• Highly Defensive Grocery Investment Benefiting From Discount-Oriented Consumer Trends
• Pittsburgh MSA – Home to a Population of 2.4 Million; Economy Centered in Financial Services, Healthcare & Tech
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