Slidell, LA - ALdi

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased Aldi investment property located in Slidell, Louisiana. The tenant has 15+ years left on its lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features flat rent throughout the initial term and a 9.89% increase at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor.

The Aldi is located at the signalized, hard-corner intersection of Gause Blvd and S Military Rd, combining to average over 30,300 vehicles passing by daily. Gause Blvd is a major retail thoroughfare serving the city of Slidell. The property is located right off of Interstate 10, which sees over 56,700 vehicles passing by daily. The site is located less than 2 miles from a Walmart Supercenter, Home Depot, Hobby Lobby, and Lowe’s Home Improvement. The asset is directly across from a 75,000+ square foot shopping center, which features several strong local tenants. The property is in the center of a primary retail corridor with other nearby national/credit tenants including Harbor Freight, Chick-fil-A, Starbucks, Raising Cane’s, Taco Bell, Outback Steakhouse, and more, further increasing consumer traffic to the site. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by a population of over 68,700. The 1-mile trade area has an average household income of $127,178.