ALDI

727 W Noble Ave, Williston, FL
Deal Type:
Net Lease
Price:
$5,117,000
Cap Rate:
5.75%
Current Rent:
$294,227
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
None
Renewal Options:
6, 5 Year Options
Building Sq. Ft.:
44,718 SF
Site Size:
9.10 Acres

Investment Highlights

  • Long-Term Tenancy: This location has operated as a Winn-Dixie Supermarket since 1996, highlighting its strong performance and stability as a well-established site.
  • 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 $6.58/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 0.5-acre outparcel is available for future development, offering potential for expansion or additional investment on the property.
  • New Development: 8.81-acre residential development has been preliminarily approved by the city to add approximately 47 homes surrounding ALDI.

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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