Brisky Net Lease represented an institutional seller in the transaction of this lower rent/excellent price point Aldi in Tupelo, MS. The ground Lease structure has over fifteen years remaining and zero landlord responsibilities. The sale offered the buyer the opportunity to invest in a grocery store chain that is on track to be the third largest in the United States behind Kroger and Walmart. The newly remodeled store is located on a hard corner with a signalized intersection where it receives excellent visibility along a busy retail corridor.
Founded by the Albrecht family, the first ALDI store opened in 1961 in Germany, making ALDI the first discounter in the world. Headquartered in Batavia, Illinois, ALDI now has more than 2,100 stores across 38 states, employs over 25,000 people and has been steadily growing since opening its first US store in Iowa in 1976.
Broker of Record: Bang Realty-Mississippi, Inc | Brian Brockman MS #21542