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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
Scott Ruble
Agent
Phone Number:
602.687.6845
scott.ruble@marcusmillichap.com
Sean Lenchner
Phone Number:
602.687.6681
sean.lenchner@marcusmillichap.com
Mark Ruble
Agent
Phone Number:
602.687.6766
mruble@marcusmillichap.com
Chris Lind
Agent
Phone Number:
602.687.6780
chris.lind@marcusmillichap.com
Zack House
Agent
Phone Number:
602.687.6650
zhouse@marcusmillichap.com
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