ALDI NNN Property For Sale — Ormond Beach, FL
along West Granada Boulevard, Ormond Beach, FL
This ALDI-leased property presents an exceptional net lease investment opportunity within the thriving Daytona MSA in Ormond Beach, Florida. Constructed in 2019, the property features a long-term ground lease with no landlord responsibilities, extending through September 2039. The lease includes attractive rental escalations throughout the primary term and its six 5-year renewal options. Strategically located along West Granada Boulevard, benefiting from high traffic counts and excellent visibility. The area is a robust retail corridor, home to numerous national tenants, making it a prime location for sustained commercial activity. The surrounding community boasts a strong demographic profile, with over 105,000 residents within a five-mile radius and an average household income exceeding…
- Address: along West Granada Boulevard, Ormond Beach, FL
- Asking price $3.20M
- 4.52% cap rate
- NOI $145,000
- 13.1 years remaining
- NNN lease
- Year built: 2019
- Building size: 21,855 SF
- Lease expiration: Sep 30, 2039
- Rent increases: Primary: $10,000 increase every 5 years; Options: 10% every 5 years
- Guarantor: Corporate
Location
This ALDI property is at along West Granada Boulevard in Ormond Beach, Florida.
Asset type: Retail