Single Tenant ALDI
Gettysburg, PA
The Opportunity
Summary
- Price: $3,700,000
- Cap Rate: 5.00%
- NOI: $185,000
- Lease Type: NNN Ground Lease
- Building Size: 22,000 SF
- Parcel Size: 2.42 Acres
- Year Built: 2025
- Remaining Lease Term: 20 Years
- Options: Six (6), Five (5) Year Options
- Rental Increases: 10% Every 5 Years, Starting Year 11
Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to ALDI, (the “Property”) in Gettysburg, Pennsylvania, the county seat of Adams County. ALDI is projecting their grand opening to be April 1, 2025 and will be operating on a NNN ground lease, which will feature 10% rental increases every 5 years starting in year 11. The triple-net (NNN) lease structure allows for a hands-free, passive form of ownership. ALDI is one of America’s fastest growing retailers, serving millions of customers across the country each month. ALDI sits along York Road (US-30), the main retail corridor of Gettysburg boasting 17,600 VPD. The property is located just 2 miles from Gettysburg College. The 5-mile area surrounding the property boasts an average household income of over $100,000. The nearby retailers surrounding ALDI rank at the top of their respective chains according to Placer.ai. GIANT ranks in the top 74th percentile of their chain in the United States. Sheetz ranks in the top 97th percentile of their chain in the United States. CVS Pharmacy ranks in the top 78th percentile within their chain in Pennsylvania. Additionally, QSRs such as Starbucks (87th), Wendy’s (86th), and Dunkin’ (80th) all rank at or above the 80th percentile within each of their respective chains nationwide. McDonald’s along York Road also ranks in the top 85th percentile of their chain in Pennsylvania. Within the immediate area surrounding the property, there are two large commercial development projects underway that will invigorate the community. Reserve at Rock Creek, coming in early 2025, will consist of a mix of luxury apartment homes totaling 226-units and retail shops. Granite Lake will consist of 256 units consisting of mainly single family homes and townhouses, located behind the Gettysburg Marketplace.
Investment Highlights:
Tenant
Ownership: PRIVATE
Credit Rating: N/A
Headquarters: BATAVIA, IL
# of U.S. Locations: 2,427
ALDI, Inc. is a supermarket chain offering a variety of groceries from meats and fresh produce to wine, beer, and other home products. Their small format store layout provides for quick-and-easy shopping for their customers. They are one of America’s fastest growing retailers, serving millions of customers across the country each month. ALDI offers a product mix that is more than 90% private label, differentiating themselves from other grocery retailers. The company, founded in 1961 by the Albrecht Family, is built on these basic principles: simplicity matters, we sell the best food at low prices, and everything we do is purposefully designed to save people money. Earlier in 2024, ALDI announced an industry-leading goal to transition to natural refrigerants across all U.S. stores before the end of 2035. This furthers the company’s goal to become the most sustainable grocer in the country. For seven years running, ALDI has been recognized by the dunnhumby Retailer Preference Index as #1 in Everyday Low Price.
