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Grocery Store

ALDI | Pennsylvania | 15 Yr Absolute Net Ground Lease | Brand New 2022 Construction

1112 Golden Mile Rd, Towanda (Northeast PA), PA 18848

Listing Price: $3,201,067

Cap Rate
4.50%
Tenant Name
ALDI
Years Remaining On Lease
14.7
Gross SF
19,054
Guarantor
Corporate Guarantee
Rentable SF
19,054
Price/Gross SF
$168.00
Lease Type
NNN Ground Lease
Rent Per Square Feet
$7.56

Investment Overview

Towanda is a borough and the county seat of Bradford County in the U.S. state of Pennsylvania. Towanda is located in Northeast Pennsylvania a short drive away from the New York border. Major thoroughfares are the US Highways 220 and off Historic Route 6. The city is located 45 minutes from Corning, NY, one hour from Binghamton, NY and 2 hours to the popular Finger Lakes Region. Towanda is located 66 miles northwest of Wilkes-Barre, on the Susquehanna River. It is bordered to the north and west by North Towanda Township, to the south and west by Towanda Township, and to the east, across the river, by Wysox Township. Bradford County is a county located in the Commonwealth of Pennsylvania. Bradford County comprises the Sayre, Pennsylvania micropolitan statistical area. As of the 2010 U.S. Census the micropolitan area ranked 8th most populous in the State of Pennsylvania and the 131st most populous in the United States with a population of 62,622. Major employers are the natural gas industry, farming, logging, DuPont, Global-Tungsten and Powders (formerly Sylvania), Jeld-Wen, and Cargill Regional Beef, Wyalusing.

Investment Highlights

  • 15 Year Absolute Net Ground Lease Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2022 Construction.
  • Aldi is Leading Global Discount Supermarket Chain with over 12,695 Stores in 19 Countries with an estimated Revenue of more than $116 Billion Annually.
  • Limited Competition - Next Nearest National Chain Grocer is 15+ Miles Away.
  • Positioned Along Area's Traffic & Retail Corridor: Signalized Hard Corner Location - Features Easy Access & Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 17k Vehicles.
  • Across from Sheetz and Near Numerous other National Retailers Including TOPS, Tractor Supply, Rite Aid, Anytime Fitness and many more.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Financing By

Grocery Store

ALDI | Pennsylvania | 15 Yr Absolute Net Ground Lease | Brand New 2022 Construction

Listing Price: $3,201,067

Cap Rate
4.50%
Tenant Name
ALDI
Years Remaining On Lease
14.7
Gross SF
19,054
Guarantor
Corporate Guarantee
Rentable SF
19,054
Price/Gross SF
$168.00
Lease Type
NNN Ground Lease
Rent Per Square Feet
$7.56

Investment Highlights

  • 15 Year Absolute Net Ground Lease Featuring 7.5% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New 2022 Construction.
  • Aldi is Leading Global Discount Supermarket Chain with over 12,695 Stores in 19 Countries with an estimated Revenue of more than $116 Billion Annually.
  • Limited Competition - Next Nearest National Chain Grocer is 15+ Miles Away.
  • Positioned Along Area's Traffic & Retail Corridor: Signalized Hard Corner Location - Features Easy Access & Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 17k Vehicles.
  • Across from Sheetz and Near Numerous other National Retailers Including TOPS, Tractor Supply, Rite Aid, Anytime Fitness and many more.

Investment Overview

Towanda is a borough and the county seat of Bradford County in the U.S. state of Pennsylvania. Towanda is located in Northeast Pennsylvania a short drive away from the New York border. Major thoroughfares are the US Highways 220 and off Historic Route 6. The city is located 45 minutes from Corning, NY, one hour from Binghamton, NY and 2 hours to the popular Finger Lakes Region. Towanda is located 66 miles northwest of Wilkes-Barre, on the Susquehanna River. It is bordered to the north and west by North Towanda Township, to the south and west by Towanda Township, and to the east, across the river, by Wysox Township. Bradford County is a county located in the Commonwealth of Pennsylvania. Bradford County comprises the Sayre, Pennsylvania micropolitan statistical area. As of the 2010 U.S. Census the micropolitan area ranked 8th most populous in the State of Pennsylvania and the 131st most populous in the United States with a population of 62,622. Major employers are the natural gas industry, farming, logging, DuPont, Global-Tungsten and Powders (formerly Sylvania), Jeld-Wen, and Cargill Regional Beef, Wyalusing.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

Financing By

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