Aldi
Cape Coral, Florida
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NNN Pro Group is pleased to present the exclusive listing for an ALDI located at 2615 Santa Barbara Blvd in Cape Coral, Florida. The site consists of roughly 30,000 rentable square feet of building space on estimated 2.77-acre parcel of land. This ALDI is subject to a 20-year absolute triple-net (NNN) ground lease, which commenced in September, 2021. The current annual rent is $260,000 and is scheduled to increase by 7.50% every 5 years throughout the base term and in each of the 6, 5-year renewal options.
About the Investment:
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Ground Lease
✓ Approximately 18 Years Remaining
✓ Seven-and-a-Half Percent (7.5%) Rental Increases Occurring Every Five (5) Years
✓ Six (6), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 50 Years
✓ Rent Per SF is only $8.37/SF | Price Per SF is only $182/SF
Talk to the pros
Edward DeMatteis
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