Property Highlights
- Rare, newly constructed ALDI in the Miami Metropolitan Area
- 20 year Absolute Net Ground Lease
- Corporate Guarantee
- Aldi currently operates approximately 11,250 stores in 18 countries and 1,800 stores in the U.S.
- Scheduled rent increases every 5 years beginning year 11
- Low rent ($7.31/SF), priced below replacement cost
- Extremely dense, urban infill location with high barriers to entry
- Excellent underlying real estate fundamentals with full access and prominent visibility to 44,500 cars per day along State Road 7, the primary retail corridor serving Western Broward County
- Shared traffic signal with Home Depot and Publix
- Zero landlord responsibilities
- No State income tax in Florida