Tenant: ALDI | Savannah, GA Premises: 20,000 SF Renewal Options: 6 x 5 Years
Lease Expiration: 6/30/2039 Lease Type: Absolute NNN Ground Lease Rental Increases: 10% Every 5 Years
Sands Investment Group is Pleased to Exclusively Offer For Sale the Ground Lease Property Located at 14070 Abercorn Street in Savannah, Georgia.
Corporately Guaranteed 20 Year Absolute Triple Net (NNN) Ground Lease From ALDI
10% Rent Bumps Every 5 Years
Over 42,000 VPD Along Abercorn Street – the Major North-South Artery in Savannah That Stretches From the Historic District to I-95
Strong Retail Trade Area With Low Vacancy – Adjacent to Walmart Supercenter and Across From Savannah Mall, Which is Anchored By Bass Pro, Target and Belk
The Savannah MSA Has a Population of 389,494 Residents With a Average Household Income of $71,482 and a Population Growth Rate Above the Nation Average
Savannah’s Total Number of Visitors in 2018 Increased to 14.5 Million Compared to 14.1 Million in 2017 – Savannah’s Visitors Spent a Record Breaking $3 Billion in 2018 – an Increase of 3.2% Compared to the $2.91 Billion Spent in 2017
For the Past 10 Years, the Port of Savannah Has Grown Faster Than Any Other Major Port in the United States, Achieving a Compound Annual Growth Rate of 4.5%; Georgia Ports Authority (GPA) Handled 4.2 Million Twenty-Foot Equivalent Containers Units (TEUs) in Fiscal Year 2018, For an Impressive 8.4% Increase Year Over Year, or 325,000 Additional Units
For the Eighth Year in a Row, ALDI Was Recognized as the Value Leader Among U.S. Grocery Stores By a Market Force Information® Survey of U.S. Consumers – Currently, ALDI Has Over 1,600 Stores Across 35 States; By the End of 2022, ALDI Plans to Have Nearly 2,500 Stores Open in the U.S. and It’s on Track to Become the Third-Largest Grocery in the U.S. By Store Count
Select Nearby Tenants Include: Walmart, Kroger, Target, Bass Pro Shop, Big Lots, Burlington Coat Factory, McDonald’s, Regal Cinemas, Staples, Home Depot, Hobby Lobby, PetSmart, Lowe’s, Outback Steakhouse, Chick-fil-A and Many More
In Cooperation with Sands Investment Group Atlanta, LLC – Lic. # H-67374
ALDI is based in Germany, where the chain was founded by brothers Karl and Theo Albrecht in 1946 when they took over their mother’s store in Essen, which had been in operation since 1913. ALDI was the first discounter in the world. The business was split into two separate groups in 1960, that later became Aldi Nord, headquartered in Essen, and Aldi Süd, headquartered in Mülheim.
Aldi (stylized as ALDI) is the common brand of two German family owned discount supermarket chains with over 10,000 stores in 20 countries, and an estimated combined turnover of more than €50 billion. In the U.S., ALDI is headquartered in Batavia, Illinois, and now has more than 1,600 stores across 35 states, employs over 25,000 people and has been steadily growing since opening its first US store in Iowa in 1976. With more demand comes more stores. Over the past decade, the company has nearly doubled in size and by the end of 2019, ALDI’s goal is to bring its total number of US stores to nearly 2,000.
The company also partners with a wide variety of growers – including some local farmers – to offer a wide variety of fresh, in-season produce, including organic fruits and vegetables. More than 40 million customers every month have discovered that they can save time and money without sacrificing quality. At ALDI, the small differences are making a big impact – in store and in customer’s wallet.