Columbia City, IN (Fort Wayne MSA) 46725

ALDI

Property Address

551 North Line Street, Columbia City, IN, USA

Offering Summary

  • Price: $1,625,000
  • Lot Size: 1.37 Acres
  • Cap Rate: 4.42%
  • Year Built: 1985/2022
  • Building SF: 22,185
  • Status: Available
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  • 10+ Years Remaining on Lease with ALDI
  • Fee Simple Depreciation Available
  • 5% Rental Increase Occurring in July 2031, with 5% Increases Occurring in Each of Three, Five-Year Renewal Options
  • Located in a Dense Retail Corridor, Surrounded by National Tenants: Walmart, Dollar Tree, Kroger, Starbucks, McDonald’s, Burger King, and More
  • Excellent Highway Frontage, Accessible by ±24,400 Cars per Day Along Highway 30
  • Growing Trade Area in the Fort Wayne MSA - 33,742 Residents within a 10-Mile Radius
  • Average Household Income Exceeds $85,000 in the Surrounding Area
  • ALDI Plans to Open 225+ Stores by the End of 2025, Establishing its Position as the Third- Largest Supermarket Chain in the U.S.
  • Subject Property Recently Underwent Extensive Renovations in 2022

Broker Information