Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

914 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

ALDI | Rare Fee Simple (Building Ownership) 9010 Jamaica Ave S 20,027 SF Retail Building Cottage Grove, MN 55016 $5,454,681 CAD ($272.37 CAD/SF) 6% Cap Rate

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

Investment Highlights

Corporately guaranteed by ALDI, Inc.
Tenant recently exercised a 5-year option with 4, (5) year renewal options remaining
Average household income of $136,738 within a five-mile radius

Tenant has been operating at this location since 2016, showcasing strong commitment
Positioned just off of U.S. Highway 10/61 ( 42,022 vehicles per day )
Since 2010-2020, the population grew 21.22% within a five-mile radius and is expected to grow an additional 6.97% by 2030

Executive Summary

Investors are offered the opportunity to acquire a single-tenant net-lease ALDI property located in Cottage Grove, MN (Minneapolis-St. Paul MSA). ALDI is the largest traditional “supermarket-only” chain in the U.S. with over 2,600 stores and is targeting over 800 new store openings through 2028. With ALDI owning a majority of their real estate or ground leasing, this is a rare fee simple (both building and land) ownership structure. ALDI has successfully operated at this location for 10 years and recently exercised their first of five, (five) year option periods. Investors will benefit greatly from the property’s excellent real estate fundamentals. A modest Base Rental rate of $11.50 per square foot will bode well for healthy store level economics. With respect to location, the property is positioned at a hard corner lighted intersection with three points of ingress/egress. In addition to its positioning, ALDI sits on an expansive 3.40-acre lot with ample front parking (100 surface spaces) and a large rear lot allowing for ease of delivery truck mobility. The immediate area surrounding the ALDI is growing as the population increased 21.22 percent from 2010 to 2020 and is projected to grow an additional 6.97 percent by 2030.

ALDI- Cottage Grove Costar Brochure

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Supermarket

Building Size

20,027 SF

Building Class

Year Built/Renovated

2001/2016

Price

$5,454,681 CAD

Price Per SF

$272.37 CAD

Cap Rate

NOI

$327,325 CAD

Tenancy

Single

Building Height

1 Story

Loading Docks

1 Exterior

Building FAR

0.14

Lot Size

3.40 AC

Parking

90 Spaces (4.49 Spaces per 1,000 SF Leased)

Frontage

209’ on 90th St

Pylon Sign

Signage

Signalized Intersection

Retailer
-
-
Lorem Ipsum
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.