Investment Overview

Investors are offered the opportunity to acquire a single-tenant net-lease ALDI property located in Cottage Grove, MN (Minneapolis-St. Paul MSA). ALDI is the largest traditional “supermarket-only” chain in the U.S. with over 2,600 stores and is targeting over 800 new store openings through 2028. With ALDI owning a majority of their real estate or ground leasing, this is a rare fee simple (both building and land) ownership structure. ALDI has successfully operated at this location for 10 years and recently exercised their first of five, (five) year option periods. Investors will benefit greatly from the property’s excellent real estate fundamentals. A modest Base Rental rate of $11.50 per square foot will bode well for healthy store level economics. With respect to location, the property is positioned at a hard corner lighted intersection with three points of ingress/egress. In addition to its positioning, ALDI sits on an expansive 3.40-acre lot with ample front parking (100 surface spaces) and a large rear lot allowing for ease of delivery truck mobility. The immediate area surrounding the ALDI is growing as the population increased 21.22 percent from 2010 to 2020 and is projected to grow an additional 6.97 percent by 2030.