ALDI 1260 W Granada Blvd 21,855 SF 100% Leased Retail Building Ormond Beach, FL 32174 $3,372,093 ($154.29/SF) 4.30% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant ground leased ALDI located within the Daytona MSA in Ormond Beach, Florida. The property was constructed by ALDI in 2019 with a long-term lease through September 2039. The lease features no landlord responsibilities and rental escalations throughout the primary term and six 5-year renewal options. Additionally, Florida is an income tax free state.
The 21,855-square-foot building is situated along West Granada Boulevard (36,000 VPD) and benefits from proximity to Interstate 95, which sees over 79,000 vehicles per day. The property lies within a primary retail corridor anchored by nationally recognized tenants including Lowe’s, Walmart, Publix, Ross, Chase Bank, Charles Schwab, and Chick-fil-A. Additionally, ALDI anchors the nearby Shops on Granada center, which features Petco, Chipotle, TD Bank, Aspen Dental, Mattress Firm, and AT&T. The surrounding area boasts a population of more than 105,000 residents within a five-mile radius, with an average household income exceeding $96,000.
ALDI is a global discount supermarket chain founded in 1946 by brothers Karl and Theo Albrecht in Essen, Germany. Initially a small family-run store, ALDI grew into one of the world’s largest privately-owned retail chains, operating over 13,200 stores across more than 20 countries, including Germany, the United States, Australia, and the United Kingdom. The company’s core philosophy centers on providing high-quality products at the lowest possible prices, achieved through efficient operations, a limited product assortment, and a focus on private-label brands. ALDI’s no-frills shopping experience, characterized by minimal store decor and customers bagging their own groceries, allows it to maintain low overhead costs, passing savings directly to consumers.