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.