ALDI Grocery Store Investment Opportunity

5660 Bayshore Rd, North Fort Myers, FL

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For Sale

Contact for pricing

Long-term lease with corporate guaranty in growing trade area.

Type:RETAIL

Property size:

46,320 SF

Lot size:

6.88 Acres

Price / SF:

$208/SF

HighLights

Longstanding Winn‑Dixie Grocery Store is Being Converted to an ALDI Following ALDI's Acquisition of Winn‑Dixie's Parent Company in 2024
15.5 Years Remaining on Lease Term with Corporate Guaranty
Accessible to More Than 43,000 Cars per Day Along Bayshore Road
Growing Trade Area with 104,921 Residents within a Five‑Mile Radius
Households Projected to Increase 11%+ in the Immediate Area by 2028
ALDI Operates More Than 2,400 Stores in 40 States

We can help!

Listing Contact

Chris Lind

For Sale

Contact for pricing

Long-term lease with corporate guaranty in growing trade area.

Type:RETAIL

Property size:

46,320 SF

Lot size:

6.88 Acres

Price / SF:

$208/SF

Added:: Feb 12, 2025
Days on Market:: 485
Last Refresh:: May 19 at 9:58 pm

Property Features for 5660 Bayshore Rd

General Information

Standard status: Active
Size: 46,320 SF
Lot size: 6.88 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Chris Lind

Listing agent Chris Lind License #(S):AZ:SA550593000,NV:S.0192964

Listing office Marcus & Millichap | Phoenix

Listing date Feb 12, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Phoenix

HighLights

Longstanding Winn‑Dixie Grocery Store is Being Converted to an ALDI Following ALDI's Acquisition of Winn‑Dixie's Parent Company in 2024
15.5 Years Remaining on Lease Term with Corporate Guaranty
Accessible to More Than 43,000 Cars per Day Along Bayshore Road
Growing Trade Area with 104,921 Residents within a Five‑Mile Radius
Households Projected to Increase 11%+ in the Immediate Area by 2028
ALDI Operates More Than 2,400 Stores in 40 States

Overview

This property features a longstanding grocery store, currently a Winn-Dixie, that is slated for conversion to an ALDI following ALDI's acquisition of Winn-Dixie's parent company in 2024. The lease has 15.5 years remaining with a corporate guaranty. The surrounding trade area is experiencing growth, with a population of 104,921 residents within a five-mile radius. Households in the immediate area are projected to increase by more than 11% by 2028. The property benefits from high traffic volume, with over 43,000 cars per day along Bayshore Road. ALDI operates more than 2,400 stores in 40 states and plans to open 800 new stores nationwide over the next 3 years through a combination of new store openings and store conversions. The property size is 46,320 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.00M	$21.60
− Vacancy	−$20.0k	−$0.43
EGI	$980.5k	$21.17
− OpEx	−$245.1k	−$5.29
NOI	$735.4k	$15.88

46,320 SF · lease $21.60/SF/yr · vacancy 2.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$10.51M

$9.19M – $12.26M (±1% cap)

NOI $735,376 @ 7.0% cap · market cap 7.60%

Second Best

Retail

$8.68M

$7.60M – $10.13M (±1% cap)

NOI $607,639 @ 7.0% cap · market cap 6.28%

Theoretical Best

Office A

$14.58M

$12.76M – $17.01M (±1% cap)

NOI $1,020,522 @ 7.0% cap · market cap 10.55%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Grocery and convenience stores

Suggested Use

Location Insight

Map
Local Demand

City: North Fort Myers
County: Lee
State: Florida
Longitude: -81.8647
Latitude: 26.6872

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What type of property is this?

Grocery and convenience store - Long-term lease with corporate guaranty in growing trade area.

Where is this grocery and convenience store located?

The property is located at 5660 Bayshore Rd North Fort Myers, FL.

What is the asking price?

The asking price for this property is $9,672,000.

What are key features of this property?

This property features: Longstanding Winn‑Dixie Grocery Store is Being Converted to an ALDI Following ALDI's Acquisition of Winn‑Dixie's Parent Company in 2024; **15.5 Years Remaining on Lease Term with Corporate Guaranty**; Accessible to More Than 43,000 Cars per Day Along Bayshore Road

5660 Bayshore Rd, North Fort Myers, FL

Long-term lease with corporate guaranty in growing trade area.

Property Features for 5660 Bayshore Rd

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Modern Medical Office Spaces Available

North Fort Myers Commercial Opportunity

Restaurant on US 41 For Sale

Multi-Bay Industrial Investment Opportunity

Remodeled Freestanding Building on Bayshore

Riverfront Multifamily Investment Opportunity

High-Visibility Restaurant on US 41

North Fort Myers Commercial Building

North Fort Myers Commercial Property

Mobile Home Park Opportunity

Income-Producing Duplex in North Fort Myers

Freestanding Building on Bayshore Road

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