5109 Dixie Hwy
Louisville, KY 40216
Aldi Plaza · Retail Property For Sale

The Klink Group of Marcus & Millichap is pleased to present for sale Aldi Plaza, a 29,419-square foot, 100% occupied, Aldi grocery anchored shopping center in Louisville, Kentucky. Louisville is the largest city in the Commonwealth of Kentucky and the 29th-most populous city in the United States. It is one of two cities in Kentucky designated as first-class, is the historical seat and, since 2003, the nominal seat of Jefferson County. The property features a diversified, service-oriented tenant mix with Aldi anchoring nearly 55% of the shopping center’s net leasable area. In 2008, Aldi paid for the entire construction of their building prior to executing a 20-year firm term lease, which includes renewal options extending thru 2058. The remaining net leasable area consists of Family Dollar, Jimmy John’s, and Louisville Chiropractic & Injury Centers. Nearly 92% of the net leasable area is occupied by national tenants. Aldi Plaza is strategically positioned with over 200 feet of frontage along Dixie Highway (Approximately 60,000 VPD), providing the tenant base with excellent visibility and signage on one of the busiest thoroughfares in the Louisville MSA. The 3.0-acre parcel is well-situated within the Dixie Highway corridor, just two miles south of Henry Watterson Expressway (Interstate 264), which experiences traffic counts of approximately 100,000 vehicles per day. The property is being offered as a leasehold interest investment with the option to purchase the land at fair market value starting in 2037 and continuing through the end of the lease (See Financial Overview Section). With grocery anchored assets in high demand, Aldi Plaza is a rare opportunity for incoming investors to own and control real estate in a low velocity, high-barrier to entry market that has experienced eight consecutive years of vacancy compression and household growth of four percent over the last four years, heightening the demand for nearby shops and retail centers.