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Corporate Aldi | 17.5 Yrs | NNN Ground Lease 2010 NC Highway 86 S 19,209 SF 100% Leased Retail Building Hillsborough, NC 27278 $2,835,000 ($147.59/SF) 4.55% Cap Rate
Investment Highlights
- 17.5 Years Remaining | 8% Rental Increases | Corporate Guaranty
- Dense Retail Corridor | Right Off Interstate 85 Exit (70,400 VPD) | Adjacent to Walmart Supercenter & The Home Depot Center
- Established Hillsborough Trade Area
- Absolute NNN Ground Lease | Zero Landlord Responsibilities
- Significant Development Pipeline | 1,750+ New Residential Units | 99-Acre Mixed-Use Project
Executive Summary
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, ALDI investment property located in Hillsborough, North Carolina. The tenant, ALDI recently signed a brand new 20 year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 8% rental increases every 5 years beginning year 11 and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.
Property Facts
Sale Type
Investment NNN
Sale Condition
Ground Lease (Leased Fee)
Property Type
Building Size
19,209 SF
Year Built
2023
Price
$2,835,000
Price Per SF
$147.59
Cap Rate
4.55%
NOI
$129,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.17
Lot Size
2.66 AC
Zoning
HIC - High-Intensity Commercial
Parking
96 Spaces (5 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Signage
- Signalized Intersection
- Monument Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Aldi
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Aldi | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
1 of 11
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