2129 Oregon Avenue
2113-2129 W. Oregon Avenue, Philadelphia, PA 19145
Description de l'actif
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the ground leased interest in a ±19,054 square foot, single-tenant Aldi located at 142 NJ-73 in Voorhees Township, New Jersey (“Property” or “Asset”). Aldi is currently operating on a 20-year ground lease (subject to condo declaration) with ±13.7 years of term remaining, four, five-year options and 10.0% rent escalations every 5-years.
The Asset is 100% leased to Aldi Inc. (“Tenant”), a multinational discount grocery chain and one of America’s fastest-growing retailers. Aldi plans to add 800 stores nationwide by the end of 2028 through a combination of new openings and conversions and invest more than $9 billion. Aldi recently completed the acquisition of Southeastern Grocers, driving significant growth in the Southeast region.
Aldi is positioned in Voorhees Township within the southeastern submarket of the Philadelphia MSA. The Township is home to a highly affluent residential base, with an average household income of $278,000+ within a 1-mile radius. Voorhees Township is recognized as one of the best places to live in New Jersey
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Attributs
Prix demandé
7 041 000 $
Taux de capitalisation
5,1 %
RNI
360 000 $
WAULT
13.7 années
Superficie du bâtiment nette
1 770 mètres carrés
Année de construction
2018
Superficie du terrain brute
0,73 ha
Média
Points forts de l'investissement
- Aldi is one of America's fastest-growing retailers with plans to add 800 stores nationwide by the end of 2028
- Operating on a ground lease with ±13.7 years of primary lease term remaining and four, five-year renewal options with 10% rent increases every 5-years
- Incredible demand characteristics driven by a 1-mile AHHI of $278K and 158K+ residents within a 5-mile radius
- Positioned as a pad site to Lowe's and BJ's Wholesale which generate a combined 1.6M+ visits annually
- Adjacent to Virtua Voorhees Hospital, a full-service, award-winning medical center with 368-beds
Contactez les courtiers
Aldi - Voorhees, NJ (0 Propriétés)
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Dernière mise à jour
2 oct. 2024
