Single-Tenant Net Leased
For Sale
Contact for pricing
Pending
1250 S Pokegama Avenue, Grand Rapids, MN 55744
New 2016 construction grocery property leased to ALDI Inc. under a long-term ground lease structure.
Property SizeContact for details
Days on Market144
Property Features for 1250 S Pokegama Avenue
General Information
Standard status
Pending
Property subtype
Retail
Building Details
Year Built
2016
Tenancy
Single
Listing Agency:
CBRE Minneapolis
Listed By:
James Leary · License #MN 392718
Source:
Crexi
Added: Apr 10
Changed: Aug 22
Last Checked: Aug 29 at 7:35AM
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 CBRE Minneapolis
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
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
484
Businesses Nearby
127k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Groceries 14%
Shops & Services 12%
Hotels & Casinos 2%
McDonald's
Dining
24,622 visits/mo
0.1 miles
Culver's
Dining
18,893 visits/mo
0.0 miles
Aldi
Groceries
17,884 visits/mo
0.1 miles
Holiday Station Store
Shops & Services
12,280 visits/mo
0.2 miles
Taco John's
Dining
9,701 visits/mo
0.2 miles
Demographics for 55744, MN
20,096
Population
9,733
Households
2.1
Avg Household Size
45
Median Age
30%
College-Educated
95%
High-School Grad
239.4 sq mi
ZIP Area
84
Density / Sq Mi
$68,213
Median Household Income
$39,232
Median Earnings
$1,014
Median Rent
$232,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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.
