Net Leased ALDI Sold Date April 1, 2025
The Boulder Group, a net leased investment brokerage firm, completed the sale of a single tenant ALDI located at 2629 Crawfordville Hwy in Crawfordville, FL for $4,100,000.
The 46,922-square-foot building benefits from its location along Crawfordville Highway, which experiences over 17,500 vehicles per day. Notable retailers nearby include Walmart, Publix, Tractor Supply Co, Walgreens, Bealls, CVS, Shell, Advance Auto Parts, AutoZone, Take 5, Dollar Tree, Dollar General, McDonald’s, Domino’s, Pizza Hut, Burger King, Sonic, Dairy Queen, VCA, and USPS.
Crawfordsville is situated within the Tallahassee MSA. Tallahassee is the capital of Florida and is home to Florida State University, which has an enrollment exceeding 43,000 students. The population is 31,636 within a 10-mile radius and the average household income is $105,530 within 3 miles.
The tenant, Aldi, Inc., recently extended its triple net lease and has over 10 years remaining with six 5-year renewal options.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction. The seller is a real estate investment company based in Canada and the buyer is a private investor based in Florida.
ALDI, founded in 1946 in Germany, is a leading global grocery retailer with over 2,000 U.S. stores and more than 11,000 locations worldwide. Known for its streamlined, cost-effective approach, ALDI offers high-quality, private-label products at competitive prices, attracting a loyal customer base. The company is rapidly expanding across the U.S. and has nearly 2,500 stores. ALDI is emphasizing renovated stores and enhanced e-commerce. It is also committed to sustainability, aiming for 100% sustainable packaging for its exclusive brands by 2025.
“Long-term leases to reputable tenants in income tax-free states continue to garner high investment activity” said Randy Blankstein, President of The Boulder Group. Jimmy Goodman of The Boulder Group, added, “Investors continue to gravitate to retail assets in metro areas throughout Florida.”
Back