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7-Eleven
Advance Auto Parts
Affordable Dentures
ALDI
Applebee's
Arby's
Ashley Furniture
AutoZone
Bank of America
BankUnited
BB&T Bank
Best Buy
Bojangles'
Burger King
Captain D's
Chase Bank
Chick-fil-A
Chipotle
Circle K
Cracker Barrel
CVS
Dairy Queen
DaVita
Dollar General
Dollar Tree
Dunkin' Donuts
Family Dollar
FedEx
Fred's Super Dollar
Fresenius Medical Care
Hardee's
Hobby Lobby
IHOP
KFC
Kohl's
Mattress Firm
McDonald's
Napa Auto Parts
O'Reilly Auto Parts
Panera Bread
PDQ
Pep Boys Auto
PNC Bank
Red Lobster
Rite Aid
Sheetz
Shell Oil
Sherwin-Williams
Starbucks
SunTrust
Taco Bell
TD Bank
Tractor Supply Co.
Verizon
Walgreens
Walmart
Wawa
Wegmans
Wendy's
Zaxby's
  ALDI


Average Property & Lease

Average Sale Price$4,040,884
CAP Rate (12mo avg with 10+ lease term)5.59%
NOI$210,325
$/Square Foot$200 - $300
Building Size17,000 - 25,000 sf
Lot Size2 - 3 acres
Lease Term15 - 20 Years
EscalationsVaries
CREDIT RATING
N/A
S&P
N/A
Moody's
view credit rating chart
View Net Lease Property Listings at CALKAIN.COM Last Updated: October 31, 2016
Net Lease Advisor Overview

Although ALDI is a private company, there is great demand for their freestanding stores as net lease investments. The properties are well located on main commercial thoroughfare. ALDI net lease properties provide a long-term investment with no property management responsibilities in the form of a 15 to 20-year primary term NNN ground lease. The lease terms typically call for 5% increases in rent every 5 years.

Pros

Cons

  • Long term leases
  • Leases generally include rent increases every 5 years
  • Multiple extension of 5 years each
  • Private Company
  • Competition from Lidl
Tenant Description

Founded by the Albrecht family, the first ALDI store opened in 1961 in Germany, making ALDI the first discounter in the world. Headquartered in Batavia, Illinois, ALDI now has nearly 1,600 stores across 34 states, employs over 24,000 people and has been steadily growing since opening its first US store in Iowa in 1976. The latest 500 stores it has opened have been in large suburban retail centers in middle-income or higher neighborhoods.

ALDI has a unique grocery shopping experience since the products are displayed in their designed shipping boxes to help save time and resources to restock shelves. Shoppers will find more than 90 percent of the groceries they offer are under the ALDI exclusive brands at the lowest prices.

And with more demand comes more stores. Over the past decade, ALDI nearly doubled in size and by 2018, ALDI will bring its total number of US stores to nearly 2,000 - opening their doors to 650 new locations, including Southern California.
ALDI TREND
CAP Rate

2015 avg: 4.96%

2016 avg: 5.49%

RECENT SALES

La Puente, CA | 4.40%

Wadsworth, OH | 6.00%

MORE INFO
www.aldi.us