ALDI for Sale in Cottage Grove, MN
Cottage Grove, MN
Key Investment Metrics
Price
$3,838,000
Cap Rate
6.0%
Net Operating Income
$230,311
Building Size
20027 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
Property overview
ALDI in Cottage Grove
Review the reported property and lease details, then request the supporting documents for your acquisition review.
- Building area
- 20,027 SF
- Land area
- 3.4 acres
- Year built
- 2001
- Lease type
- NN
- Lease expiration
- 04/30/2031
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.