ALDI

960 S Main St, LaBelle, FL
Deal Type:
Net Lease
Price:
$6,800,904
Cap Rate:
5.75%
Current Rent:
$391,052
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
6, 5 Year Options
Building Sq. Ft.:
52,795 SF
Site Size:
5.90 Acres

Investment Highlights

  • Strong Corporate Guarantee: Lease signed by ALDI Inc. – Operating over 2,400 locations across 39 states – ALDI plans to open 800 new locations by the end of 2028
  • Well Performing Store: This location has demonstrated consistent sales growth, with year-over-year sales increasing at an average rate of 8.9%, highlighting its strong market presence and continued potential for success.
    Replaceable Rent: Tenant is paying $7.41/sqft, low rent PSF.
  • Tenant Remodel: ALDI is set to remodel the store, transitioning it from a Winn-Dixie to an ALDI, showcasing their long-term commitment to the location.
  • Value-Add Opportunity: A 0.45-acre out-parcel is available for future development, offering potential for expansion or additional investment on the property.
  • Excellent Access and Visibility: Located at a hard-signalized corner off Main Street (Highway 29)and E Cowboy Rd, the primary thoroughfare through LaBelle, offering outstanding visibility and easy access.
  • Rapid Growth: LaBelle is one of fastest-growing areas, with nearly 1,000 homes built since 2019, leading the city to approve plans for a new High School 2-miles from subject property.

Listing Agents

Connor Shell

Managing Director
407 913 9009
[email protected]

Dorothy Lee, CCIM

Vice President
626 236 3823
[email protected]

Broker of Record: Sasha Dominguez, Lic. #BK3339010

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