Freestanding Net Leased ALDI

Retail-Commercial for Sale
Catylist Listing ID: 30276284
Property Subtypes: Street Retail
Building Size (RSF): 19,867 SF
Sale Price: $2,400,000
Unit Price: $120.80 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Undisclosed
Cap Rate: 5.7%
Last Updated: 9/24/2018

Overview / Comments

New fifteen year renewal
10% increases every five years
19,867 SF Building
Recent tenant upgrade to their new prototype
ALDI spent over $850,000 on expansion
New roof with fifteen year warranty
Freestanding location
Priced below replacement cost
Below market rent
Landlord responsible for roof and structure
Year One NOI: $137,082.30
Cap Rate: 5.7%
Price: $2,400,000

Attachments & Media

Additional Details

Nearest MSA: Wichita
County: Sedgwick

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Photograph of Listing Agent

Nathan Farha

NAI Martens
KSCRE Member
Photograph of Listing Agent

John O'Rourke

NAI Martens
KSCRE Member
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