Asking Price
Area Size
NOI Net Operating Income
NIY

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2022
Lease Type NN
Tenant ALDI
Building Area Gross
Occupancy 100.0 %

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer qualified investors the opportunity to acquire a brand-new ALDI grocery store (the “Property) in the densely populated, Philadelphia suburb of Reading, PA. ALDI is prepared to commence operations at this location in 2023 and signed onto an initial 15-year lease with three (3) five (5) year options, demonstrating a strong commitment to the location. ALDI is a privately held corporation and a leading discount grocer in the U.S. who remains in an aggressive growth program. 


Note: This is a forward sale. Lease Commencement will begin when the store is operational, or at the latest 6 months from 12/1/2022

Investment Highlights

IN DEMAND DISCOUNT GROCER WITH NEW LONG-TERM LEASE AND NEW STORE PROTOTYPE

  • 15 Year Lease Term
  • $16.40 Rent PSF
  • 22,940 Square Feet

SIGNIFICANT INFILL MARKET PROVIDING OPPORTUNITY TO CAPTURE SURROUNDING DENSITY

  • 116,500+ Population Within 3 Mile Radius
  • $67,800+ Average HH Income Within 3 Mile Radius

EXCELLENT ACCESSIBILITY AND DIRECT CONNECTION TO MAJOR HIGHWAYS 

  • 17,000+ VPD on Papermill Road
  • 78,300+ VPD on U.S. Route 422
Last Updated Date: 23 Sep 2022

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Last Updated Date: 23 Sep 2022

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