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ALDI 11975 Mezzo Drive 20,664 SF Retail Building Venice, FL 34293 $5,115,867 CAD ($247.57 CAD/SF) 4.15% Cap Rate
Investment Highlights
- AMERICA’S FASTESTGROWING GROCER
- POSITIONED IN FASTGROWING MASTERPLANNED COMMUNITIES
- LONG-TERM ABSOLUTE NNN GROUND LEASE
Executive Summary
LONG-TERM ABSOLUTE NNN GROUND LEASE
- 25-year absolute NNN lease; zero landlord responsibilities
- 6.5% rent bumps every 5 years
- Five 5-year options (up to 50- year term)
- Corporate-guaranteed income stream
AMERICA’S FASTESTGROWING GROCER
- ALDI is the fastest-growing grocer in the U.S. with $40B+ in annual revenue
- 2,400+ stores across 39 states; 3rd-largest U.S. grocer by store count
- $9B expansion plan to add 800+ stores through 2028, with strong Southeast growth
EXPLOSIVE POPULATION GROWTH
- North Port–Bradenton–Sarasota MSA among the fastest-growing U.S. metros
- Population: 910,000+ in 2023 (up from 833,716 in 2020)
- North Port growth: +55% since 2010, +18.9% since 2020 (U.S. Census Bureau)
- MSA GDP projected to grow from $45.4B (2023) ? $51.5B by 2028
POSITIONED IN FASTGROWING MASTERPLANNED COMMUNITIES
- Located in Wellen Park, a top 10 fastest-selling master-planned community in the U.S.
- Projected 50,000+ residents at full buildout
- Adjacent to Costco; near Publix, Starbucks, and McDonald’s
BRAND-NEW 2025 CONSTRUCTION
- ALDI funded 100% of construction on a landlorddelivered pad
- 20,664 SF prototype store; new construction with no deferred maintenance
EXCEPTIONAL VISIBILITY ON HIGH-TRAFFIC US-41 CORRIDOR
- Directly on US-41 (Tamiami Trail)
- Traffic: 20,000–30,000+ vehicles/day
- Nearby Publix ranks in top 6% nationwide for visits (Placer.ai)
- 25-year absolute NNN lease; zero landlord responsibilities
- 6.5% rent bumps every 5 years
- Five 5-year options (up to 50- year term)
- Corporate-guaranteed income stream
AMERICA’S FASTESTGROWING GROCER
- ALDI is the fastest-growing grocer in the U.S. with $40B+ in annual revenue
- 2,400+ stores across 39 states; 3rd-largest U.S. grocer by store count
- $9B expansion plan to add 800+ stores through 2028, with strong Southeast growth
EXPLOSIVE POPULATION GROWTH
- North Port–Bradenton–Sarasota MSA among the fastest-growing U.S. metros
- Population: 910,000+ in 2023 (up from 833,716 in 2020)
- North Port growth: +55% since 2010, +18.9% since 2020 (U.S. Census Bureau)
- MSA GDP projected to grow from $45.4B (2023) ? $51.5B by 2028
POSITIONED IN FASTGROWING MASTERPLANNED COMMUNITIES
- Located in Wellen Park, a top 10 fastest-selling master-planned community in the U.S.
- Projected 50,000+ residents at full buildout
- Adjacent to Costco; near Publix, Starbucks, and McDonald’s
BRAND-NEW 2025 CONSTRUCTION
- ALDI funded 100% of construction on a landlorddelivered pad
- 20,664 SF prototype store; new construction with no deferred maintenance
EXCEPTIONAL VISIBILITY ON HIGH-TRAFFIC US-41 CORRIDOR
- Directly on US-41 (Tamiami Trail)
- Traffic: 20,000–30,000+ vehicles/day
- Nearby Publix ranks in top 6% nationwide for visits (Placer.ai)
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
20,664 SF
Year Built
2026
Construction Status
Under Construction
Price
$5,115,867 CAD
Price Per SF
$247.57 CAD
Cap Rate
4.15%
NOI
$212,305 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
4.73 AC
Frontage
530’ on Mezzo Drive
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- ALDI
- -
- 20,664 SF
- -
- Apr 2051
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| ALDI | - | 20,664 SF | - | Apr 2051 |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Nearby Major Retailers
Contacts
-
David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Kendra Doherty -
Ben McCarter -
Connor Kuchman -
Atlantic Capital Partners
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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ALDI | 11975 Mezzo Drive
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