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10310 Washington Hwy
Glen Allen, VA 23059
Aldi - Richmond VA MSA · Retail Property For Sale
Investment Highlights
- Brand New 20-Year Lease | Corporate Guaranty | Established Tenant | Options To Extend
- Across From Target Anchored Center | Near Creeks at Virginia Centre | In Stony Run Commons
- Signalized Intersection | Excellent Visibility & Access
- Absolute NNN Ground Lease | Leased Fee Ownership | Zero Landlord Responsibilities
- Rare Richmond MSA Retail Opportunity | Glen Allen Submarket | High-Growth Corridor
- Local Demographics Within 5-mile Trade Area | Affluent AHHI
Executive Summary
• ALDI recently signed a new 20-year lease with 6 (5-year) options to extend
• This corporate guaranteed lease by ALDI, Inc. features 10% rent increases every 5 years and 8% at the beginning of each option
• Aldi plans to open more than 180 new stores across 31 states by the end of 2026, for a total of 2,800 stores. This is part of a larger $9 billion five-year investment goal to reach 3,200 stores nationwide by 2028.
• This corporate guaranteed lease by ALDI, Inc. features 10% rent increases every 5 years and 8% at the beginning of each option
• Aldi plans to open more than 180 new stores across 31 states by the end of 2026, for a total of 2,800 stores. This is part of a larger $9 billion five-year investment goal to reach 3,200 stores nationwide by 2028.
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Building Size
20,000 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$4,310,000
Price Per SF
$215.50
Cap Rate
4.35%
NOI
$187,500
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.17
Lot Size
2.77 AC
Zoning
Commercial
Parking
96 Spaces (4.8 Spaces per 1,000 SF Leased)
Amenities
- Signage
1 of 9
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