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Aldi 146 Backbone Rd E 19,631 SF 4-Star Retail Building Princeton, IL 61356 $2,675,000 ($136.26/SF) 4.85% Cap Rate
INVESTMENT HIGHLIGHTS
- New-Construction Single-Tenant ALDI
- 8% increases every 5 years during the base term and 10% increases in each of the eight 5-year options
- Surrounded by Princeton’s Largest Employers: The property is within close proximity to the Ace Hardware distribution Center (605 employees)
- New 20-year absolute NNN corporate ground lease
- ALDI has over 2,400 stores and is the third-largest grocery chain by store count in the U.S
- Prominent Exposure; Strategically Located at the Intersection of County Road and N. Main Street, Two Major Thoroughfares in the City of Princeton
EXECUTIVE SUMMARY
146 Backbone Rd E, Princeton, IL
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Supermarket
Building Size
19,631 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2025
Price
$2,675,000
Price Per SF
$136.26
Cap Rate
4.85%
NOI
$129,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.55
Lot Size
0.81 AC
AMENITIES
- Dedicated Turn Lane
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 16-09-102-005 | Improvements Assessment | $0 |
| Land Assessment | $15,539 | Total Assessment | $15,539 |
PROPERTY TAXES
Parcel Number
16-09-102-005
Land Assessment
$15,539
Improvements Assessment
$0
Total Assessment
$15,539
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Aldi | 146 Backbone Rd E
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