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Grocery Store

ALDI

551 N Line St, Columbia City, IN 46725

Listing Price: $1,625,000

Cap Rate
4.42%
Tenant Name
ALDI
Years Remaining On Lease
10.3
Gross SF
22,185
Guarantor
No Guarantee
Rentable SF
22,185
Price/Gross SF
$73.25
Lease Type
Double Net
Rent Per Square Feet
$3.24

Investment Overview

ALDI is an international grocery chain and is one of the United States’ fastest-growing retailers, serving over 50 million customers across the country each month. ALDI offers high quality, award-winning products at an affordable price.

Columbia City is a city in Columbia Township, Whitley County, in the state of Indiana. The county seat of Whitley County, Columbia City is home to approximately 10,000 residents.

Investment Highlights

  • 10-Plus Years Remaining on Lease with ALDI
  • Fee Simple Depreciation Available
  • 5 Percent Rental Increase Occurring in July 2031, with 5 Percent Increases Occurring in Each of Three Five-Year Renewal Options
  • Located in a Dense Retail Corridor, Surrounded by National Tenants: Walmart, Dollar Tree, Kroger, Starbucks, McDonald's, Burger King, and More
  • Excellent Highway Frontage, Accessible by Approximately 24,400 Cars per Day Along Highway 30

Exclusively Listed By

Broker of Record

  • Julia Evinger

    Managing Director Investments

    (317) 218-5300

    License(s) IN: RB14040143

    Indiana

Financing By

Listing Price: $1,625,000

Cap Rate
4.42%
Tenant Name
ALDI
Years Remaining On Lease
10.3
Gross SF
22,185
Guarantor
No Guarantee
Rentable SF
22,185
Price/Gross SF
$73.25
Lease Type
Double Net
Rent Per Square Feet
$3.24

Investment Highlights

  • 10-Plus Years Remaining on Lease with ALDI
  • Fee Simple Depreciation Available
  • 5 Percent Rental Increase Occurring in July 2031, with 5 Percent Increases Occurring in Each of Three Five-Year Renewal Options
  • Located in a Dense Retail Corridor, Surrounded by National Tenants: Walmart, Dollar Tree, Kroger, Starbucks, McDonald's, Burger King, and More
  • Excellent Highway Frontage, Accessible by Approximately 24,400 Cars per Day Along Highway 30

Investment Overview

ALDI is an international grocery chain and is one of the United States’ fastest-growing retailers, serving over 50 million customers across the country each month. ALDI offers high quality, award-winning products at an affordable price. Columbia City is a city in Columbia Township, Whitley County, in the state of Indiana. The county seat of Whitley County, Columbia City is home to approximately 10,000 residents.

Exclusively Listed By

Broker of Record

  • Julia Evinger

    Managing Director Investments

    (317) 218-5300

    License(s): IN: RB14040143

    Indiana

Financing By

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