ALDI | 2117 S Loop 256
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ALDI 2117 S Loop 256
25,064 SF Retail Building Palestine, TX 75801 $4,700,058 CAD ($188 CAD/SF) 5.60% Cap Rate
Investment Highlights
- Ranked #4 Global Retailer by National Retail Federation
- Strategically Located Retail Corridor
- Newly Renovated Building
- Single-Tenant Net Lease Grocery
- New Lease Structure with Rental Increases
Executive Summary
Northmarq Commercial is pleased to offer to qualified investors a single-tenant retail property, 100% leased to ALDI, located in Palestine, TX (the “Property”).
The Property consists of a ± 25,064 SF building on ±2.54 acres of land. ALDI will be operating under a brand new ten (10) year NN lease featuring six (6), five (5) year renewal options with roughly 5% rental increases during the lease term and approximately 8% increases in each option. in Association With Chris Adams, TX License #619855.
The Property consists of a ± 25,064 SF building on ±2.54 acres of land. ALDI will be operating under a brand new ten (10) year NN lease featuring six (6), five (5) year renewal options with roughly 5% rental increases during the lease term and approximately 8% increases in each option. in Association With Chris Adams, TX License #619855.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
25,064 SF
Building Class
B
Year Built/Renovated
1999/2024
Price
$4,700,058 CAD
Price Per SF
$188 CAD
Cap Rate
5.60%
NOI
$263,195 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
2.54 AC
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | R837175 | Improvements Assessment | $1,016,462 CAD |
| Land Assessment | $782,461 CAD | Total Assessment | $1,798,923 CAD |
PROPERTY TAXES
Parcel Number
R837175
Land Assessment
$782,461 CAD
Improvements Assessment
$1,016,462 CAD
Total Assessment
$1,798,923 CAD
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ALDI | 2117 S Loop 256
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