Storefront For Sale • 34,000 SF
New Construction Single-Tenant ALDI: New 20-year absolute NNN corporate ground lease |
10% increases every 5 years during the base term and each of the six 5-year options |
True Ground Lease with Below-Market Rent and Major Tenant Improvements: Upgraded design featuring ALDI’s newest prototype store |
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 |
Prominent Exposure; Strategically Located at the Intersection of Interstate 170 and Olive Boulevard with Traffic Counts of Over 100,000 CPD |
Significant Daytime Population: 221,090 employees within a 5-mile radius |
Cap Rate: | 4.65 % |
Airport | Drive | Walk | Distance |
---|---|---|---|
Lambert-St. Louis International | 12 min | - | 7.0 mi |
Parking Available: | Yes |
Reserved: | No |
Spaces Provided: | 60 |
Type: | Surface |
Included in Rent: | Yes |