ALDI | 20 Year Ground Lease | $2,401,000
Aldi | 4825 N. May Ave., Oklahoma City, OK 73112
Paul Ravencraft Phillip Mazaheri , CCIM George Williams, CCIM Retail Investment Team Retail Investment Team Retail Investment Team (405) 239-1220 (405) 239-1221 (405) 239-1270 [email protected] [email protected] [email protected] www.priceedwards.com Aldi’s at Mayfair Village 4825 N. May Ave., Oklahoma City, OK 73112
PROPERTY OVERVIEW The Aldi is located in the Mayfair Village Shopping Center offers an investor the opportunity to own a national retail property that is newly built with long-term income.
The Mayfair Village is a 159,454 square foot center that has room for growth and improvement. The ownership changed hands in late 2018/early 2019 with plans to renovate the center.
SALE HIGHLIGHTS
• 20 Year Ground Lease • Shadow Anchor Tenants - CVS, Michael’s, and Stein Mart.
• Traffic Count - Proximity to major • Surrounding National Tenants highways and central Oklahoma City Include: Target, Walgreens, Starbucks, location expose this property to over Jack in the Box, and Whataburger. 20,000 cars daily on May Avenue, and • Location - Between NW 48th Street approximately 13,000 cars daily on and NW 47th Street on N. May Avenue NW 50th Street. in Oklahoma City, Oklahoma.
DEMOGRAPHICS 1 Mile 3 Miles 5 Miles
Total Households 6,058 47,525 97,558 Total Population 12,657 105,403 230,017
Average HH Income $50,317 $60,246 $56,803 Aldi 4825 N. May Ave., Oklahoma City, OK 73112
ALDI
ALDI is a discount supermarket chain focusing 4825 N. May Avenue on creating an efficient supermarket experience, Address: Oklahoma City, OK saving customers time and money without sacrificing quality. Asking Price: $2,401,000 Although ALDI is a private company, there is great demand for their freestanding stores as net lease investments. The properties are well located on main commercial thoroughfares. ALDI net lease CAP Rate: 4.58% properties provide a long-term investment with no property management responsibilities in the form of 15 to 20-year primary term, NNN ground NOI: $110,000 leases. The lease terms typically call for a 5% increases in rent every 5 years. Ground Lease Founded by the Albrecht family, the first ALDI Lease Type: store opened in 1961 in Germany, making ALDI the first discounter in the world. Headquartered in Batavia, Illinois, ALDI has more than 1,750 Lease Expiration: 1/31/2038 stores across 35 states, employs over 25,000 people and has been steadily growing since opening its first US store in Iowa in 1976. Land Size: 1.38 Ac. ALDI has a unique grocery shopping experience as the products are displayed in their shipping boxes to help save time and resources restocking Building Size: 14,000 SF shelves. Shoppers will find more than 90% of the groceries they offer are under the ALDI exclusive brands at the lowest prices. Year Built: 2018 And with more demand comes more stores. Over the past decade, ALDI has nearly doubled in size. By 2022, ALDI will bring its total number of US stores to nearly 2,500. Retail Investment Team Paul Ravencraft, Phillip Mazaheri CCIM, and George Williams, CCIM
Specialties • Single-Tenant NNN Sales • Investment Sales • Retail Center Sales • User Sales • Land Sales
Email: [email protected] Website: www .retailoklahoma.com
Paul Ravencraft, Phillip Mazaheri, CCIM (Certified Commercial Investment Member) and George Williams, CCIM are the Retail Investment Team for Price Edwards & Company. Our Team has closed over $370,000,000 in investment sales, totaling over 6,300,000 square feet. Our team controls a portfolio of 610,184 square feet of existing and new construction retail leasing projects consisting of 16 properties.
With over 42 years in the Oklahoma City marketplace, PEC Retail Investment Team has been able to create a voluminous database of real estate investors. Combined with their extensive market knowledge and modern marketing technology, they are able to create maximum value for investors. Offerings can be emailed out to thousands of investors with links for immediate access to listing packages and materials. Listings are also uploaded to a multitude of websites with flyers and details on each property. Each property our team markets will have a separate website built and linked to multiple social media sites.
The PEC Retail Investment team is your full service brokerage team for Retail Investment properties, Retail single tenant buildings, Shopping Center sales, development projects and Retail Leasing.
Mazaheri and WIlliams hold the Certified Commercial Investment Member designation (CCIM) with Ravencraft being the founder of Dinner With Love Foundation. PEC Retail Investment Team are members of the International Council of Shopping Centers, TCN Worldwide, and Chainlinks Retail advisors. TCN offers 58 offices nationwide, giving local and regional brokers access to 200+