ESSENTIAL GROCERY TENANT:
- Lease is guaranteed by Aldi Inc, one of the country’s fastest growing grocery retailers with a corporate goal of 2,500 stores by 2022.
- Aldi ranks among the top 10 largest grocers worldwide based on sales which have increased over 35% in recent years.
LONG TERM LEASE:
- Aldi has over 15 years of term remaining on their original lease with four, five-year options with stated rent increases.
REGIONAL TRADE AREA:
- Aldi is surrounded by national big box retailers including Walmart, Home Depot, Lowe’s, Meijer, TJ Maxx, Hobby Lobby, ULTA, PetSmart and Kohl’s.
- The building was constructed in 2016 eliminating the need for short term capital expenditures.