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Aldi Grocery Store with Corporate Lease
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426 Oberlin Rd, Elyria, OH 44035

Longstanding corporate grocery tenancy includes a lease term through May 11, 2028.

Property SizeContact for details
Days on Market143

Property Features for 426 Oberlin Rd

General Information

Standard status Active
Property subtype Retail
Listing Agency: Goodman Real Estate Services Group LLC
Listed By: Kyle Hartung · License #OH SAL.2003016343
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 6:05PM

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 Goodman Real Estate Services Group LLC

Investment Insights

Based on property information with market context.

The offering comprises the 100% fee-simple interest in an Aldi grocery store at 426 Oberlin Rd in Elyria, Ohio. The corporate-operated location opened in 1987 and remains under a corporate lease that was recently renewed through May 11, 2028.

The property is positioned within a development anchored by an adjacent Rural King store measuring 77,000 square feet. That neighboring retailer attracts customers from the local area and surrounding region, adding an established commercial draw to the setting. The asset combines a recognized grocery operator, documented operating history, and a defined remaining lease term.

Key Highlights

  • 100% fee‑simple interest in an Aldi grocery store
  • Corporate store opened in 1987
  • Lease renewed through May 11, 2028

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Big Box & Wholesale Store Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

136
Businesses Nearby
32k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Home Improvements & Furnishings 79% Shops & Services 21%
Rural King Home Improvements & Furnishings
25,525 visits/mo 0.2 miles
Dollar General Shops & Services
6,613 visits/mo 0.2 miles

Demographics for 44035, OH

61,921
Population
29,637
Households
2.1
Avg Household Size
42
Median Age
17%
College-Educated
88%
High-School Grad
47.6 sq mi
ZIP Area
1,301
Density / Sq Mi
$54,362
Median Household Income
$38,493
Median Earnings
$871
Median Rent
$147,600
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Longstanding corporate grocery tenancy includes a lease term through May 11, 2028.
Where is this grocery and convenience store located?
The property is located at 426 Oberlin Rd Elyria, OH.
What are key features of this property?
This property features: 100% fee‑simple interest in an Aldi grocery store; Corporate store opened in 1987; Lease renewed through May 11, 2028
(216) 381-8200 Call to check price and availability
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