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ALDI | Central Islip, NY 215 Carleton Ave 20,259 SF Retail Building Central Islip, NY 11722 $4,290,000 ($211.76/SF) 4.15% Cap Rate
Investment Highlights
- New Construction Single-Tenant ALDI | Top 27% Performing Location Nationwide (Placer.ai)
- Irreplaceable Long Island Corner Location at the Entrance to a Top-Performing Shopping Center
- True Ground Lease, Below-Market Rent and Major Tenant Improvements: All building costs were done at the tenant’s sole cost and expense
Executive Summary
Rare Long Island ALDI Ground Lease at the Signalized Entrance to a Target-Anchored Power Center
18+ Years Remaining on an Absolute NNN Corporate Ground Lease | Below-Market Rent
Large 2-Acre Parcel | Rare 10% Increases | Top 27% Performing ALDI Location Nationwide (Placer.ai)
18+ Years Remaining on an Absolute NNN Corporate Ground Lease | Below-Market Rent
Large 2-Acre Parcel | Rare 10% Increases | Top 27% Performing ALDI Location Nationwide (Placer.ai)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
20,259 SF
Building Class
C
Year Built
2024
Price
$4,290,000
Price Per SF
$211.76
Cap Rate
4.15%
NOI
$178,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.30
Lot Size
1.57 AC
Zoning
PDDEC
Frontage
194’ on Carleton Ave
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
ALDI SÜD began in 1961 as part of the wider ALDI discount model and later developed into a separate southern division of the brand. The company focuses on grocery retailing, with fresh food, own-label products, seasonal promotions and online services in selected markets. ALDI SÜD also extends into property development through its Immobilien arm, which develops store concepts, mixed-use projects and site-specific real estate solutions with cities and project partners. From its roots in Germany, the business expanded beyond its home market and now operates across multiple continents with a wide retail network.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 6
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