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ALDI 330 County Road 276

20,664 SF Retail Building South Point, OH 45680 £1,814,700 (£88/SF) 5% Net Initial Yield

Investment Highlights

  • New Construction Ground Lease
  • Zero Landlord Responsibilities
  • Strategic Retail Location
  • Low Rent Per Square Foot
  • Corporate Lease
  • High Traffic Counts

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a brand-new, twenty-year, ALDI ground lease located at 330 County Road 276 in South Point, Ohio (“the Property”). The new construction ALDI has a 20-year Absolute NNN Ground Lease with six (6), 5-year renewal options. The lease calls for rent increase at the start of all six of the five-year renewal options. The new construction ALDI is well located at the signalized intersection of County Road 276 (Sandusky Road N) and US Highway 52 (Ohio River Scenic Byway), the area’s primary commercial and commuter corridor. The Property enjoys outstanding frontage, visibility and signage and is easily accessible from Downtown South Point (4-miles) and Huntington, WV (4.5-miles). The Property is 2.3-miles from US Highway 60 and 3-miles from Interstate 64. ALDI is surrounded by national retailers and restaurants that drive traffic to the immediate area. South Point is positioned at the southern tip of Ohio. Nestled along the banks of the Ohio River, South Point offers convenient access to Huntington, West Virginia. Located just across the river, Huntington is the area’s largest city and is home to Marshall University (5-miles), Cabell Huntington Hospital (6.5-miles) and St Mary’s Medical Center (7.5-miles).

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
20,664 SF
Building Class
B
Year Built
2023
Price
£1,814,700
Price Per SF
£88
Net Initial Yield
5%
NOI
£90,735
Tenancy
Single
Number of Floors
1
Building FAR
0.22
Land Acres
2.15 AC
Parking
54 Spaces (2.61 Spaces per 1,000 SF Leased)
Frontage
38 ft on Township Road 1429 West

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-125-1600-000
Land Assessment
£25,903
Improvements Assessment
£67,609
Total Assessment
£93,512
  • Listing ID: 33434270

  • Date on Market: 07/10/2024

  • Last Updated:

  • Address: 330 County Road 276, South Point, OH 45680

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