330 Co Rd, South Point, OH 45680

This exceptional investment opportunity presents a brand-new, 20,664 square-foot ALDI grocery store situated on a 2.15-acre lot in South Point, Ohio. The property boasts a 20-year absolute NNN ground lease, commencing November 16, 2023, and expiring November 30, 2043, with six 5-year renewal options, each including rent bumps. The building, constructed in 2023, is a single-story structure with 100% occupancy and a current NOI of $115,000, representing a 5.00% cap rate and an asking price of $2,300,000. The property enjoys a prime location at the signalized intersection of County Road 276 and US Highway 52, a major commercial corridor with high traffic counts exceeding 32,300 vehicles daily. Its strategic placement offers excellent visibility and accessibility, benefiting from proximity to other national retailers and restaurants, including a Walmart Supercenter and Sam's Club, as well as major roadways like US Highway 60 and Interstate 64. The strong tenant, ALDI, provides a corporate guarantee and minimal landlord responsibilities. The surrounding area boasts a robust demographic profile, with over 20,200 people within a 3-mile radius and an average household income exceeding $80,000. This presents a compelling investment opportunity with a long-term, secure lease and significant upside potential. The property is part of a larger commercial development, further enhancing its value and long-term prospects.