Single-Tenant Net Leased
1250 S Pokegama Avenue Grand Rapids, MN 55744
1250 S Pokegama Avenue, Grand Rapids, MN, 55744
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For Sale
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Pending
New 2016 construction grocery property leased to ALDI Inc. under a long-term ground lease structure.
Days on Market104
Property Features for 1250 S Pokegama Avenue
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
CBRE Minneapolis
Listed by
James Leary · License #MN 392718
Source
Crexi
Added: Apr 10 Updated: Jul 21 at 3:38PM Checked: Jul 21 at 4:11PM
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Investment Insights
Based on property information with market context.
This single-tenant net leased grocery property is newly constructed in 2016 and operated under a long-term ground lease. The offering is described as a strong-credit, single-tenant investment with a recently signed 15-year corporate term and a ground lease with ALDI Inc. The store is reported to open in December 2016.
The ground lease structure is presented as reducing landlord involvement, with ALDI responsible for procuring and paying operating expenses, capital repairs, and capital replacements. The property is offered for sale as a net leased, single-tenant investment.
As described in the remarks, it is positioned as an investment-quality asset tied to ALDI Inc., a private company operating more than 10,000 stores worldwide, with the lease and ground lease terms forming the core of the investment structure.
The ground lease structure is presented as reducing landlord involvement, with ALDI responsible for procuring and paying operating expenses, capital repairs, and capital replacements. The property is offered for sale as a net leased, single-tenant investment.
As described in the remarks, it is positioned as an investment-quality asset tied to ALDI Inc., a private company operating more than 10,000 stores worldwide, with the lease and ground lease terms forming the core of the investment structure.
Key Highlights
- New 2016 construction grocery property leased to ALDI Inc. under a long‑term ground lease structure.
- Recently signed 15‑year ground lease with ALDI Inc.; store opening in December (2016).
- Single‑tenant net lease investment (STNL) structured so the tenant pays operating expenses, capital repairs, and replacements.
Property Analytics
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar For Sale Nearby
FAQs
What type of property is this?
Grocery and convenience store - New 2016 construction grocery property leased to ALDI Inc. under a long-term ground lease structure.
Where is this grocery and convenience store located?
The property is located at 1250 S Pokegama Avenue Grand Rapids, MN.
What are key features of this property?
This property features: New 2016 construction grocery property leased to ALDI Inc. under a long‑term ground lease structure.; Recently signed 15‑year ground lease with ALDI Inc.; store opening in December (2016).; Single‑tenant net lease investment (STNL) structured so the tenant pays operating expenses, capital repairs, and replacements.
