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ALDI 551 N Line St 22,185 SF Retail Building Columbia City, IN 46725 $1,625,000 ($73.25/SF) 4.42% Cap Rate
INVESTMENT HIGHLIGHTS
- 10+ Years Remaining on Lease with ALDI
- 5% Rental Increase Occurring in July 2031, with 5% Increases Occurring in Each of Three, Five-Year Renewal Options
- Excellent Highway Frontage, Accessible by ±24,400 Cars per Day Along Highway 30
- Fee Simple Depreciation Available
- Located in a Dense Retail Corridor, Surrounded by National Tenants: Walmart, Dollar Tree, Kroger, Starbucks, McDonald’s, Burger King, and More
- Growing Trade Area in the Fort Wayne MSA - 33,742 Residents within a 10-Mile Radius
EXECUTIVE SUMMARY
ALDI is an international grocery chain and is one of the United States’ fastest-growing retailers, serving over 50 million customers across the country each month. ALDI offers high quality, award-winning products at an affordable price.
Columbia City is a city in Columbia Township, Whitley County, in the state of Indiana. The county seat of Whitley County, Columbia City is home to approximately 10,000 residents.
Columbia City is a city in Columbia Township, Whitley County, in the state of Indiana. The county seat of Whitley County, Columbia City is home to approximately 10,000 residents.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
22,185 SF
Year Built/Renovated
1985/2022
Price
$1,625,000
Price Per SF
$73.25
Cap Rate
4.42%
NOI
$71,847
Tenancy
Single
Building Height
1 Story
Building FAR
0.37
Lot Size
1.37 AC
Zoning
General Business
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 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 92-06-03-243-001.000-004 | Improvements Assessment | $1,133,100 |
| Land Assessment | $171,300 | Total Assessment | $1,304,400 |
PROPERTY TAXES
Parcel Number
92-06-03-243-001.000-004
Land Assessment
$171,300
Improvements Assessment
$1,133,100
Total Assessment
$1,304,400
CONTACTS
-
Sean Lenchner -
Mark Ruble -
Christopher Lind -
Zack House -
Josh Caruana -
Marcus & Millichap
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ALDI | 551 N Line St
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