ALDI for Sale in Coralville, IA
Coralville, IA
Key Investment Metrics
Price
$2,999,000
Cap Rate
5.3%
Net Operating Income
$157,464
Building Size
18783 SF
Land Area
2.2 Acres
Remaining Term
9.4 years
Lease Expiration
11/29/2035
Lease Term
20.1 years
Lease Commencement
11/12/2015
Lease Type
Absolute NNN
Tenant Credit
Corporate Guarantee
Year Built
2015
Occupancy
100%
Tenancy
Single
Rent Increases
8% every five years
Property overview
ALDI in Coralville
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 18,783 SF
- Land area
- 2.2 acres
- Year built
- 2015
- Lease type
- Absolute NNN
- Lease expiration
- 11/29/2035
Confirm current availability, pricing and lease terms through the inquiry form before relying on this listing.
Before you make an offer
Four things to verify
- 1
Lease and guaranty
Request the executed lease and amendments. Identify the legal tenant, guarantor and landlord obligations.
- 2
Income and expenses
Obtain the rent roll and operating statement supporting the advertised NOI and cap rate.
- 3
Property condition
Review survey, title, condition and environmental information relevant to this property.
- 4
Exchange requirements
For a 1031 exchange, confirm eligibility and deadlines with your qualified intermediary and tax adviser.