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ALDI | Central Islip, NY 215 Carleton Ave 20,259 SF Retail Building Central Islip, NY 11722 $5,915,653 CAD ($292.00 CAD/SF) 4.15% Cap Rate
Investment Highlights
- New Construction Single-Tenant ALDI | Top 27% Performing Location Nationwide (Placer.ai)
- Irreplaceable Long Island Corner Location at the Entrance to a Top-Performing Shopping Center
- True Ground Lease, Below-Market Rent and Major Tenant Improvements: All building costs were done at the tenant’s sole cost and expense
Executive Summary
18+ Years Remaining on an Absolute NNN Corporate Ground Lease | Below-Market Rent
Large 2-Acre Parcel | Rare 10% Increases | Top 27% Performing ALDI Location Nationwide (Placer.ai)
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Retailer
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ALDI SÜD began as a small grocery store in Essen-Schonnebeck and developed into a discount retail business in the early 1960s after the ALDI group split into separate regional companies. The company focuses on food retail and carries a broad assortment that includes fresh produce, baked goods, organic products, fair-trade items, plant-based products, beverages, and household basics. ALDI SÜD maintains a significant presence in Germany and also operates internationally across multiple countries, where the business pairs store operations with services such as e-mobility charging at selected locations.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - |
Nearby Major Retailers
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ALDI | Central Islip, NY | 215 Carleton Ave
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