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ALDI | Absolute Net Ground Lease 2750 Heartland Dr 18,783 SF Retail Building Coralville, IA 52241 $4,240,436 CAD ($225.76 CAD/SF) 5.25% Cap Rate
Executive Summary
Investment highlights
- The property is leased to ALDI under an absolute net ground lease, providing investors with a truly passive, management-free investment opportunity. All operating expenses, including taxes, insurance, and maintenance, are the responsibility of the tenant.
- The ALDI in Coralville benefits from a highly trafficked retail corridor within the Iowa City MSA, surrounded by major national retailers including Costco, Walmart, and Raising Cane's. The property serves a growing and affluent trade area supported by the nearby University of Iowa and strong regional population growth. ALDI's value-oriented grocery model and focus on essential daily-use goods position the store to benefit from consistent consumer demand and recurring traffic patterns.
- The asset is offered at an asking price of $2,999,000, reflecting a 5.25% cap rate on current NOI of $157,464. The property offers stable, predictable annual income backed by a nationally recognized retailer, with an 8% rental increase in 2030 and in each of the six option periods.
- Constructed in 2015, the approximately 18,783-square-foot building is relatively modern and well-positioned for long-term occupancy. The newer construction and corporate ground lease structure may help minimize future capital expenditure exposure for ownership during the hold period.
- The Coralville ALDI ranks in the top 13% of all ALDI locations nationwide and top 9 in the state of Iowa, reflecting strong store-level performance and consistent consumer demand that further supports the stability of the investment.
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Retailer
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99,999 SF
- -
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Lorem Ipsum
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Jan 0000
Aldi is a privately held discount supermarket group operating worldwide under two entities: Aldi Nord and Aldi Süd. Founded by Karl and Theo Albrecht, the company pioneered a no-frills retail model that emphasizes efficiency, low prices, and high-quality private-label products. Aldi’s streamlined approach minimizes overhead costs, enabling customers to enjoy significant savings without compromising quality. The brand is recognized for its sustainability initiatives, including reducing packaging waste and promoting recyclable materials. Today, Aldi continues to expand globally, maintaining its core values of simplicity, responsibility, and consistency while delivering a convenient shopping experience.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,797,924 CAD | |
| Land Assessment | $2,731,186 CAD | Total Assessment | $5,529,110 CAD |
Property Taxes
Presented by
ALDI | Absolute Net Ground Lease | 2750 Heartland Dr
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