Aldi

1967 S Telegraph Road, Bloomfield Hills, MI
Deal Type:
Net Lease
Ownership Type:
Ground Lease
Price:
$4,000,000
Cap Rate:
4.50%
Current Rent:
$180,000
Lease Type:
Triple Net
Lease Term:
20 years
Landlord Responsibilities:
None
Renewal Options:
Four, 5-year
Building Sq. Ft.:
22,565
Rent Increases:
7.50% every 5 years
Site Size:
2.19 acres
  • aldi stream capital partners
  • aldi stream capital partners
  • aldi stream capital partners

Investment Highlights

  • Absolute triple net ground lease with over 19 years of term remaining
  • 7.50% rental increases every five years
  • Aldi corporate guarantee
  • No landlord responsibilities
  • Located within the 88-acre Village at Bloomfield master development
  • Dense, affluent area | 156,000+ people with average household incomes in excess of $121,000 within 5 miles of Subject Property

Listing Agents

Phil DiGennaro

Managing Director
203 610 1541
Phil@stream-cp.com

Jordan Shtulman

Managing Principal
847 226 4133
Jordan@stream-cp.com

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