1260 W Granada Blvd
Ormond Beach, FL 32174
ALDI | New 20Yr Abs NNN | New Construction · Retail Property For Sale

The subject property is located along W. Granada Boulevard/State Highway 40 (37,500 VPD), with prominent LED lit monument signage and significant amounts of highway frontage. The asset is approximately 1-mile east of the on/off ramps to Interstate 95 (73,000 VPD), the primary freeway traveling up the entire eastern coast of the United States. ALDI is an anchor tenant in the Shoppes on Granada, a recently developed shopping center featuring other national tenants such as Petco, Mattress Firm, Panera Bread, TD Bank, AT&T, Aspen Dental, and Chipotle Mexican Grill, as well as room for future office or more retail development. The Shoppes on Granada is shadow-anchored by a Lowe’s Home Improvement which generates significant crossover synergy for the tenants. ALDI is a part of the Phase 2 development (currently under construction) and benefits from cross access to Phase 1 of the center which includes the recently constructed Panera, AT&T, Petco, and Aspen Dental buildings. Other notable nearby tenants include a 24-hour Walmart Supercenter, Bealls Store, Ross Dress for Less, Publix, Regal Cinemas, Chick-fil-A, Taco Bell, and more, further increasing consumer traffic to the area. The 5-mile trade area is supported by a population of over 89,500 residents with an average household income of nearly $65,000.