ALDI | Rare Fee Simple (Building Ownership) — Sale in Cottage Grove, MN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Cottage Grove, MN 55016

Photos

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Investment Figures

Cap rate
6.15%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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. Investment Highlights: • Single-Tenant Net-Leased ALDI • Tenant has been Operating at this Location since 2016, Showcasing Strong Commitment • Tenant Recently Exercised a Five-Year Option with Four, (Five) Year Renewal Options Remaining • Located Within a Retail Hub, Surrounded by National Retailers Attracting Millions of Annual Visitors including Cub Grocery Store, Target, Menards, Walmart Supercenter and More • Positioned Just off of U.S. Highway 10/61, Which Sees 42,022 Vehicles per Day • Average Household Income of $136,738 within a Five-Mile Radius • Since 2010-2020, the Population Grew 21.22 Percent within a Five-Mile Radius and is Expected to Grow an Additional 6.97 Percent by 2030

Market Context

This retail in Cottage Grove, MN is listed for sale. It is offered at an approximate 6.2% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Cottage Grove, MN — view the full market.

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