ALDI - Net Lease Property for Sale
Cottage Grove, MN
Key Investment Metrics
Price
$3,838,000
Cap Rate
6.0%
Net Operating Income
$230,311
Building Size
20027 SF
Lot Size
20,027 SF
Land Area
3.4 Acres
Remaining Term
4.8 years
Lease Expiration
04/30/2031
Lease Term
15 years
Lease Commencement
04/28/2016
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
2001
Occupancy
100%
Tenancy
Single
Rent Increases
$1.00/SF per Option Term
About This ALDI Net Lease Property
This ALDI NNN (triple net lease) property is located in Cottage Grove, MN and represents an excellent investment opportunity for commercial real estate investors. The property features 20027 square feet of building space and was built in 2001.
With a cap rate of 6.0%, this ALDI net lease property offers stable income potential. The asking price is $3,838,000, making it an attractive option for 1031 exchange investors seeking quality ALDI commercial properties.
Why Invest in ALDI NNN Properties?
- Stable Income: ALDI net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: ALDI is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Cottage Grove, MN Market Overview
Located in Cottage Grove, MN, this ALDI property benefits from strong local demographics and market fundamentals. The Cottage Grove area offers excellent visibility and accessibility, making it an ideal location for ALDI operations and a solid investment for net lease property buyers.