& US 31 Apple Ave, Muskegon, MI 49442

This exceptional investment opportunity presents a brand-new, single-tenant Aldi grocery store located at the northeast corner of E. Apple Ave and US 31 in Muskegon, Michigan. The property boasts a 28,156 square foot building on a 3.01-acre lot, constructed and renovated in 2024. The property features a 15-year net lease (NNN) with a corporate guarantee from Aldi, Inc. (Michigan), ensuring consistent income. The lease commenced in May 2024 and includes built-in rent escalations: a $10,000 annual increase beginning in year 11, followed by 5% increases during each option period. The current net operating income (NOI) is $275,000, yielding a 5.55% capitalization rate based on the asking price of $4,950,000. The property is zoned commercial and benefits from excellent visibility and accessibility due to its location near major thoroughfares. Recent renovations included a new roof, HVAC system, parking lot, and storefront. The tenant's responsibilities are limited to roof and structure maintenance. This is a fee-simple ownership opportunity with lease options available. The property's strategic location within a densely populated area, combined with the strength of the Aldi brand and the long-term lease, makes this a compelling investment prospect. This is a rare chance to acquire a high-performing, low-maintenance asset with significant upside potential.