NEW CONSTRUCTION STORE • Brand new build-to-suit ALDI ground lease in Statesboro, GA. • Rent is scheduled to commence in June 2019. The store is scheduled to open September 2019.
LONG TERM GROUND LEASE WITH ATTRACTIVE INCREASES • New 20-year corporate guaranteed NNN ground lease with zero landlord responsibilities. • 10% rental increases every 5 years during the lease and six, 5-year options.
OUTPARCEL TO RETAIL POWER CENTER • Subject property sits at the entrance to a 115,181 SF stabilized retail power center (Statesboro Crossing). • Statesboro Crossing is the dominant retail destination for Statesboro, GA. • Anchors include T.J. Maxx, Hobby Lobby, Petco, and More.
PRIMARY RETAIL CORRIDOR LOCATION • Subject property sits at the heart of the Statesboro retail corridor along Veterans Memorial Pkwy (25,700 VPD). • Over 1.5M SF of retail within 1-mile radius of this property which includes Walmart, Lowe’s and The Statesboro Mall.
HOME TO GEORGIA SOUTHERN UNIVERSITY • Subject property is located 2 miles from Georgia Southern University (28,000+ Students). • GA Southern is the 6th largest college in the state of Georgia. • GSU has been ranked as a Top 12 Business School and one of America’s Best Colleges by Forbes.
ALDI IS THE FASTEST GROWING GROCERY CHAIN IN THE U.S. • ALDI has 11,234 locations worldwide and over 1,800 in the U.S. • ALDI is targeted to build another 800 new stores over the next 5 years and bring its total number of U.S. stores to 2,500. • On track to be the third largest grocery chain in the U.S.