Aldi

Highlights:

• ALDI Corporate Guaranty
• Top Supermarket Tenant
• $155 Billion reported revenue in 2024
• Ranked 4th in the Top 50 Global Retailers (National Retail Foundation, December 2024)
• 13,475+ stores worldwide
• New 16 Year Net Lease with Zero Landlord Responsibilities
• Low base rent for 48,000+ square foot building
• Unique rental escalation schedule including option periods
• ALDI has committed over $1,700,000 towards renovations
• Anchor to Palma Sola Square –120,000 SqFt Daily Needs shopping center with exceptional outparcel lineup
• 1.1M visitors in the last 12 months (Placer.ai)
• Palma Sola Square is situated at the intersection Manatee Avenue West (45,000 VPD) and 59th Street West (17,258 VPD)
• Manatee Ave / FL-64 (45,000 VPD) is a major traffic artery for the community of Bradenton
• Bradenton Florida: Major Growth and a top market within the Tampa-Sarasota-Northport MSA(S)
• Average Household Income of $111,440 within a 1-mile radius of the subject property
• 148,150+ residents within a 5-mile radius of the subject property (Placer.ai)
• Bradenton FL ranked 4th out of all U.S. city destinations in U-Haul’s 2023 Report for one-way movers (UHAUL, 2023)

Description:

Faris Lee Investments is pleased to present the rare opportunity to acquire a single-tenant ALDI investment property located in the high growth city of Bradenton, Florida within the Tampa–Sarasota–North Port MSA. ALDI is subject to a corporately guaranteed net lease with 16 years remaining on the base term. The lease includes 10% rental escalations every 5 years during the 16 year base term, a 15.5% increase for the first option period, a 20% increase for the second option period, and a 10% increase for the third and fourth options.

The subject property has operated as a Grocery destination for the residents of Bradenton for nearly 50 years. ALDI assumed control of this high performing legacy grocer asset through their recent acquisition of the Winn-Dixie chain. ALDI is currently undergoing extension renovations to the property with the Opening estimated for August 2025. ALDI has displayed tremendous commitment to the site by spending $1,700,000 on renovations and agreeing to a rent commencement date.

Backed by ALDI’s U.S. corporate entity, the tenant generated $155 billion in global revenue in 2024 and is ranked #4 on NRF’s Top 50 Global Retailers list, offering exceptional credit strength in a proven location.

Bradenton, Florida, a vibrant city nestled along the Gulf Coast, is known for its blend of historical charm and modern development, attracting both families and
retirees. With a population of approximately 57,000 residents, its economic drivers are rooted in tourism, healthcare, and the service industry, all bolstered by
the area’s natural beauty and recreational opportunities. The city’s focus on waterfront development, cultural attractions, and community events creates a dynamic
environment for residents and visitors. Bradenton’s growing residential base supports a diverse array of local businesses and fosters a strong sense of community.
Healthcare is a significant contributor to Bradenton’s economy, with hospitals and medical facilities serving the region’s increasing population. The city’s strategic
location along major thoroughfares, including US 41 and US 301, provides convenient access to surrounding areas and contributes to its economic vitality.
Bradenton’s commitment to preserving its historical landmarks, enhancing its parks and recreational spaces, and hosting community events further enhances
its appeal. Ongoing city planning and development initiatives aim to balance growth with the preservation of its coastal character, solidifying its position as a
desirable Gulf Coast destination.