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Aldi Ground Lease 805 Pennell Ln 19,631 SF Retail Building Dyersburg, TN 38024 $3,484,595 CAD ($177.50 CAD/SF) 4.30% Cap Rate
Investment Highlights
- Brand new construction with a 20-year ground lease
- Cross access with brand new Zaxby's and Chipotle
- Proximity to Dyersburg State Community College and West Tennessee Healthcare Dyersburg Hospital (225 beds)
- Attractive cost basis with low price point and ground rent
- Regional trade area surrounded by Walmart, Kroger, Hobby Lobby, ULTA, Marshalls, Chick-fil-A and more
- Strong daytime population and $116,000+ AHHI within a 1-mile radius
Executive Summary
TSCG is pleased to offer for sale a brand-new 20-year ALDI ground lease located in Dyersburg, Tennessee. The Property is well-positioned in the city’s dominant retail corridor with strong traffic counts and an exceptional regional draw. The Aldi features a new 20-year ground lease with an attractive low rent and cost basis.
ALDI is situated along Lake Road (SR-78) with 22,000+ VPD, less than 0.5 miles from U.S. Hwy 51 and Interstate 155. The property is surrounded by major tenants including Walmart, Kroger, Planet Fitness, Tractor Supply, Chick-fil-A, McDonald’s, Chipotle, Zaxby’s, Lowe’s and The Commons at Dyersburg (Hobby Lobby, Marshalls, Ulta, Five Below), creating a strong retail synergy and consistent consumer traffic.
Dyersburg serves as a regional trade area in Northwest Tennessee with a draw exceeding 30 miles. The market benefits from a strong employment base, expanding residential growth, proximity to Dyersburg State Community College and West Tennessee Healthcare Dyersburg Hospital.
ALDI is situated along Lake Road (SR-78) with 22,000+ VPD, less than 0.5 miles from U.S. Hwy 51 and Interstate 155. The property is surrounded by major tenants including Walmart, Kroger, Planet Fitness, Tractor Supply, Chick-fil-A, McDonald’s, Chipotle, Zaxby’s, Lowe’s and The Commons at Dyersburg (Hobby Lobby, Marshalls, Ulta, Five Below), creating a strong retail synergy and consistent consumer traffic.
Dyersburg serves as a regional trade area in Northwest Tennessee with a draw exceeding 30 miles. The market benefits from a strong employment base, expanding residential growth, proximity to Dyersburg State Community College and West Tennessee Healthcare Dyersburg Hospital.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
19,631 SF
Building Class
C
Year Built
2026
Construction Status
Under Construction
Price
$3,484,595 CAD
Price Per SF
$177.50 CAD
Cap Rate
4.30%
NOI
$149,729 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.23
Lot Size
1.94 AC
Nearby Major Retailers
1 of 5
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Aldi Ground Lease | 805 Pennell Ln
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