Aldi | Olivette, MO 9100 Olive Blvd 34,000 SF 100% Leased Retail Building Olivette, MO 63132 £4,109,149 (£120.86/SF) 4.65% Net Initial Yield
INVESTMENT HIGHLIGHTS
- New Construction Single-Tenant ALDI: New 20-year absolute NNN corporate ground lease
- True Ground Lease with Below-Market Rent and Major Tenant Improvements: Upgraded design featuring ALDI’s newest prototype store
- Prominent Exposure; Strategically Located at the Intersection of Interstate 170 and Olive Boulevard with Traffic Counts of Over 100,000 CPD
- 10% increases every 5 years during the base term and each of the six 5-year options
- The Property is Part of Olive Crossing, a New 14.8-Acre Mixed-Use Development Consisting of 181 Apartments and a Courtyard by Marriott Hotel
- Significant Daytime Population: 221,090 employees within a 5-mile radius
EXECUTIVE SUMMARY
20-Year Absolute NNN Corporate Ground Lease | Below-Market Rent
10% Increases Every 5 Years | Dense, Infill Trade Area; 243,000+ People
10% Increases Every 5 Years | Dense, Infill Trade Area; 243,000+ People
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
34,000 SF
Building Class
B
Year Built
2025
Price
£4,109,149
Price Per SF
£120.86
Net Initial Yield
4.65%
NOI
£191,088
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Parking
60 Spaces (1.76 Spaces per 1,000 SF Leased)
Frontage
279 ft on Olive Blvd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17L-63-1117 | Improvements Assessment | £0 |
| Land Assessment | £79,615 | Total Assessment | £79,615 |
