Under Contract

SEC US Hwy 27 & Citrus Ridge Dr, Davenport, FL 33837 - Aldi

Sec Us Hwy 27 & Citrus Ridge Dr, Davenport, FL, 33837, US

Executive Summarydownload
SEC US Hwy 27 & Citrus Ridge Dr, Davenport, FL 33837 - Aldi_Property for Sale


SEC US Hwy 27 & Citrus Ridge Dr, Davenport, FL 33837 - Aldi 2_Property for Sale

Asset description

New construction: Grocery store to be delivered 2023


Building area gross
1,784 sm
Year built

Investment highlights

New construction: ALDI to be delivered in 2023 with + / - 325 feet of prime frontage on US Highway 27 (over 70,000 VPD) – the main thoroughfare through the city of Davenport, FL.

The ALDI NNN Ground Lease structure will provide an investor the least amount of responsibility for maintaining the Property. Additionally, the Property includes attractive rental escalations and a consistently growing income stream.

The Property is located a mile from Posner Park/Posner Village, a $500 million mixed-use retail and residential development located at the junction of Interstate 4 and US Highway 27, that had 5.6 million visits over the last 12 months.

ALDI has advanced to the forefront of the grocery sector – winning over 1,200 product awards and recognitions since 2017. ALDI has been ranked in the top five overall in the “Dunnhumby Retailer Preference Index Report,” jumping two spots over the course of the last year.

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Last updated
Jan 24, 2023