Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$9,672,000
ALDI - Brand New 15 Year Corporate Lease
Details
Property Type Retail
Sub Type Grocery Store
Square Footage 46,320
Cap Rate 5.5%
NOI $531,984
Occupancy 100%
Tenancy Single
Brand/Tenant Aldi
Lease Type NN
Lease Term 41
Lease Expiration 12/31/2040
Remaining Term 14
Rent Bumps No
Lease Options 4, 5 Year Options
Year Built 1999
Lot Size (SqFt) 298,332
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 09/01/1999
Ground Lease No
Retail | 5.50% CAP | 46,320 SqFt
Marketing description
Marcus & Millichap is pleased to present an exceptional net lease investment opportunity featuring ALDI at 5660 Bayshore Road in North Fort Myers, Florida. This property offers a brand new 15-year corporate-guaranteed lease with ALDI, one of the United States' fastest-growing retailers serving over 50 million customers across the country each month. The store celebrated its grand opening on December 15, 2025, representing a conversion of a longstanding Winn-Dixie Grocery Store following ALDI's acquisition of Winn-Dixie's parent company in 2024.
Investment highlights
- 15.5 Years Remaining on Lease Term with Corporate Guaranty
- Growing Trade Area with 104,921 Residents within a Five-Mile Radius
- Households Projected to Increase 11%+ in the Immediate Area by 2028
- Longstanding Winn-Dixie Grocery Store is Being Converted to an ALDI Following ALDI's Acquisition of Winn-Dixie's Parent Company in 2024
- Accessible to More Than 43,000 Cars per Day Along Bayshore Road
- ALDI Operates More Than 2,400 Stores in 40 States
- ALDI Plans to Open 800 New Stores Natonwide Over the Next 3 Years Through a Combination of New Store Openings and Store Conversions
Listing Contacts
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$531,984.00
$44,332.00/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
Map
Zoning
C-1A CommercialGeneral CommercialCommercial District
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