Properties

ALDI, Cumming

1760 Buford Hwy
Cumming, Georgia 30041

PROPERTY SOLD

Property: Investment Sales

Square Footage: 16,400

Acreage: 1.92

Price: $2,000,000

Cap Rate: 5.0%

Description:

• ALDI is an industry leading grocery retailer with over 1,200 U.S. stores in 32 states
• 20 year NNN corporate ground lease with a 10% rent bump in year 11 (9/1/14 commencement date)
• Major signalized intersection directly across from a 78,686 SF Publix shopping center
• 3 mile average household income of $106,000 and 5 mile population over 87,000
• Desirable and affluent north Atlanta suburban bedroom community near the shores of Lake Lanier
• A mile from the Northside Hospital – Forsyth campus with a staff of 2,300+ physicians and 2,200+ employees