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31228823
31228824

11975 Mezzo Dr, Venice, FL 34293

DH
NC NC 288268
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners
$3,735,000
74 days on market
Updated 74 days ago

ALDI | North Port, FL

Details
Property Type Retail
Sub Type Grocery Store, Storefront
Square Footage 20,664
Cap Rate 4.15%
NOI $155,000
Occupancy 100%
Tenancy Single
Brand/Tenant Aldi, Sprouts Market (+1)
Lease Type Absolute NNN
Lease Term 25.1
Lease Expiration 04/30/2051
Remaining Term 24.9
Rent Bumps Yes
Lease Options 5 x 5-year options
Price per SqFt $181
Broker Co-Op Yes
Class A
Year Built 2025
Buildings 1
Stories 1
Acreage 4.730
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/05/2026
Ground Lease Yes
Ownership Fee Simple

4.15% CAP | 25Yr CORP GROUND LEASE

Investment highlights

LONG-TERM ABSOLUTE NNN GROUND LEASE

  • 25-year absolute NNN lease; zero landlord responsibilities

  • 6.5% rent bumps every 5 years

  • Five 5-year options (up to 50- year term)

  • Corporate-guaranteed income stream

AMERICA’S FASTESTGROWING GROCER

  • ALDI is the fastest-growing grocer in the U.S. with $40B+ in annual revenue

  • 2,400+ stores across 39 states; 3rd-largest U.S. grocer by store count

  • $9B expansion plan to add 800+ stores through 2028, with strong Southeast growth

EXPLOSIVE POPULATION GROWTH

  • North Port–Bradenton–Sarasota MSA among the fastest-growing U.S. metros

  • Population: 910,000+ in 2023 (up from 833,716 in 2020)

  • North Port growth: +55% since 2010, +18.9% since 2020 (U.S. Census Bureau)

  • MSA GDP projected to grow from $45.4B (2023) → $51.5B by 2028

POSITIONED IN FASTGROWING MASTERPLANNED COMMUNITIES

  • Located in Wellen Park, a top 10 fastest-selling master-planned community in the U.S.

  • Projected 50,000+ residents at full buildout

  • Adjacent to Costco; near Publix, Starbucks, and McDonald’s

BRAND-NEW 2025 CONSTRUCTION

  • ALDI funded 100% of construction on a landlorddelivered pad

  • 20,664 SF prototype store; new construction with no deferred maintenance

EXCEPTIONAL VISIBILITY ON HIGH-TRAFFIC US-41 CORRIDOR

  • Directly on US-41 (Tamiami Trail)

  • Traffic: 20,000–30,000+ vehicles/day

  • Nearby Publix ranks in top 6% nationwide for visits (Placer.ai)

Listing Contacts

DH
NC NC 288268
Atlantic Capital Partners
ML
NC NC 231272
Atlantic Capital Partners
BO
NC NC 315015
Atlantic Capital Partners
Listed by Atlantic Capital Partners

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$155,000.00
$12,916.67/mo

Valuation Metrics

0
DSCR
4.15%
Cap Rate
4.15%
ROI

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