Aldi with Recent Renewal
For sale is the 100% fee-simple interest in the Aldi located in Elyria, Ohio, which is part of the larger Cleveland-Elyria MSA (2,057,009 people). The corporate store officially opened in 1987 and has been serving customers in the area for the past 35 years. Featuring rent persquare-foot of only $5.80, this longstanding store has among the lowest of rents throughout all of Aldi’s North American portfolio. Because of this, the store has consistently renewed its lease including the most recent option taking the term through May 11, 2028. Anchoring the development is the adjacent Rural King store at 77,000 square feet, which draws traffic not only locally, but also from throughout the region. The low price point along with solid historical tenancy and corporate lease make this an ideal asset for anyone seeking the stability of grocery in their portfolio.