Grocery Store
Aldi Pittsburgh
2515 Banksville Rd, Pittsburgh, PA 15216
Listing Price: $8,865,000
Cap Rate
4.85%
Tenant Name
1
Years Remaining On Lease
19.7
Gross SF
23,884
Guarantor
Corporate Guarantee
Rentable SF
23,884
Price/Gross SF
$371.17
Lease Type
Absolute Net
Rent Per Square Feet
$18.00
Investment Overview
Marcus & Millichap is pleased to present for sale Aldi Pittsburgh, located in Pittsburgh, Pennsylvania.
Aldi Pittsburgh
Investment Highlights
- Single-Tenant, Absolute Triple-Net ALDI Grocery Store with Zero Landlord Responsibilities
- Brand-New 2025 Renovation of Former Staples | 23,884-Square-Foot Freestanding Grocery on 2.73-Acre Parcel
- 19.75 Years of Remaining Lease Term with Four, Five-Year Renewal Options Extending Through 2065
- 10 Percent Rent Increases Every Five Years Throughout Initial Term and All Options
- Initial Cap Rate of 4.85 Percent with Cap Rate Expansion to 6.45 Percent in Last Five Years of Primary Term
- Full Corporate Guaranty by ALDI Inc., Backed by The Albrecht Family (Private Ownership)
- Surrounded by Strong Daily-Needs And Discount Retail Including Dollar General, Dollar Tree Starbucks, McDonald's, Kuhn's Market and Walgreens
Broker of Record
-
Timothy B. Stephenson Jr.
Managing Director, Market Leader - Philadelphia
Financing By
Listing Price: $8,865,000
Cap Rate
4.85%
Tenant Name
1
Years Remaining On Lease
19.7
Gross SF
23,884
Guarantor
Corporate Guarantee
Rentable SF
23,884
Price/Gross SF
$371.17
Lease Type
Absolute Net
Rent Per Square Feet
$18.00
Investment Highlights
- Single-Tenant, Absolute Triple-Net ALDI Grocery Store with Zero Landlord Responsibilities
- Brand-New 2025 Renovation of Former Staples | 23,884-Square-Foot Freestanding Grocery on 2.73-Acre Parcel
- 19.75 Years of Remaining Lease Term with Four, Five-Year Renewal Options Extending Through 2065
- 10 Percent Rent Increases Every Five Years Throughout Initial Term and All Options
- Initial Cap Rate of 4.85 Percent with Cap Rate Expansion to 6.45 Percent in Last Five Years of Primary Term
- Full Corporate Guaranty by ALDI Inc., Backed by The Albrecht Family (Private Ownership)
- Surrounded by Strong Daily-Needs And Discount Retail Including Dollar General, Dollar Tree Starbucks, McDonald's, Kuhn's Market and Walgreens
Investment Overview
Marcus & Millichap is pleased to present for sale Aldi Pittsburgh, located in Pittsburgh, Pennsylvania.
Broker of Record
-
Timothy B. Stephenson Jr.
Managing Director, Market Leader - Philadelphia
Financing By
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