Listed by SRS Real Estate Partners Newport Beach
$2,200,000
Aldi
Details
APN M-31-4-3-7
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 19,361
Units 1
Cap Rate 5%
NOI $110,000
Occupancy 100%
Tenancy Single
Brand/Tenant Aldi
Lease Type NNN
Lease Term 15
Price per SqFt $114
Year Built 2025
Stories 1
Acreage 2.310
Zoning General Business
Parking Spaces 96 spaces
Parking per 1,000 SqFt 4.96
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease Yes
Ownership Ground Lease
Brand New 15-Year Lease | 2025 Consutrction | Scheduled 10% Rental Increases | Corporate Tenant
Investment highlights
- Brand New 15-Year Ground Lease | Options To Extend | Scheduled 10% Rental Increases | Corporate Tenant
- NNN Ground Lease | Minimal Landlord Responsibilities
- Adjacent to Kroger & Lowe’s Home Improvement | Strong Tenant Presence | Baptist Health Deaconess Hospital
- Direct Residential Consumer Base | Strong Demographics
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$110,000.00
$9,166.67/mo
Valuation Metrics
0
DSCR
5%
Cap Rate
5%
ROI
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Property History
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