Aldi

3670 Marketplace Drive
Phenix City, AL

Price: $3,474,000
Cap: 4.75%
NOI: $165,000
Building Size: 21,000 SF
Lot Size: 2.00 AC

Investment Highlights

NEW CONSTRUCTION STORE
• Brand new build-to-suit ALDI ground lease in Phenix City (Columbus, GA MSA), AL.
• Rent commenced in November 2019 and construction is scheduled to be completed in February with a store opening in early March 2020.

LONG TERM CORPOARTE GROUND LEASE WITH 10% INCREASES
• New 20-year corporate guaranteed NNN ground lease with zero landlord responsibilities.
• 10% rental increases every 5 years during the lease and each of the four, 5-year options.

PRIMARY RETAIL CORRIDOR LOCATION
• This store is well located on US Hwy 280 (33,899 VPD) which is the primary retail corridor and offers great visibility and access.
• The 5-Mile population 95,839 people with average household incomes of over $58,300.
• Surrounding national retailers include Walmart, Home Depot, Tractor Supply, Goodwill, McDonald’s, Chick-Fil-A, Zaxby’s, Taco Bell, Aspen Dental, IHOP and More.

ALDI IS THE FASTEST GROWING GROCERY CHAIN IN THE U.S.
• There are 11,234 ALDI locations worldwide and over 1,800 in the U.S.
• ALDI has a $21.2 Billion net worth and did $13.5 Billion in sales last year.
• ALDI has been one of America’s favorite grocery retailers and for the eighth consecutive year, the Value Leader for grocery shoppers.
• In June 2017, ALDI announced a new $3.4 billion capital investment plan to expand to 2,500 US stores by the end of 2022.

COLUMBUS, GA SUBURB
• Phenix City is a suburb of Columbus, the third largest city in Georgia. Columbus, GA (Population: 303,811+) is located 100 miles southwest from Atlanta
• Columbus ranked by Business Week as the #1 Best Affordable Suburb to Raise a Family and as one of the top 10 fastest growing cities in Alabama by AL.com.
• Home to Fort Benning the 5th Largest Military Base in the USA (284 Square Miles) which supports a population of 120,000 troops and civilians and has an economic impact of $1.1 Billion. The base occupies 284 square miles south of Phenix City and Columbus.
• Columbus is home to the Corporate headquarters for Aflac (#137, Fortune 500) which is spread over two campuses, TSYS (#776 on the Fortune 1000, Realtree, Carmike Cinemas, and Synovus Bank, and Pratt & Whitney, an American “big three” aero-engine manufacturer.
• Columbus State University (8,500 enrollment+), ranked among the top regional universities in the south by U.S. News & World Report, is located in downtown Columbus.
• Recent projects like the Chattahoochee RiverWalk – a pedestrian and bike path fronting the river which runs between Phenix City and Columbus has led to revitalization on both sides of the river.

Don McMinn
OFFERING MEMORANDUM

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