- For sale
We are pleased to present a rare opportunity to purchase a brand-new construction single tenant absolute NNN ground lease occupied by ALDI corporate on a new 20-year lease. The subject property is the grocery anchor to a brand-new shopping center (Triangle Crossing) which includes additional anchor tenants Marshalls, ULTA and PetSmart. Located in Starkville, MS, less than 2.5 miles from Mississippi State University, the subject property benefits from its proximity to the 23,000+ students that are enrolled at the university along with its positioning on the area’s main thoroughfare (Mississippi State Hwy 12) which sees over 25,000 VPD directly in front of the property. Additionally, the property is near other major retailers such as Lowe’s, Kroger, Academy Sports + Outdoors (new construction), Walmart Supercenter and more which drive retail synergy and cross shopping opportunities for the surrounding consumer base.
This is a unique opportunity to purchase a brand-new construction 20-year corporate ground lease, occupied by one of the strongest grocery operators in the U.S., with 7% rental increases every 5 years, and exceptionally well located with great real estate fundamentals.