1550 Government StMobile, AL 36604

This exceptional investment opportunity presents a 42,510-square-foot Aldi grocery store located at 1550 Government Street in Mobile, Alabama, within the Mobile MSA. The property sits on a 4.85-acre lot and boasts a strong 100% occupancy rate with a current lease expiring May 31, 2035, offering a remaining term of 10.5 years. The absolute triple-net (NNN) lease, assumed by Aldi in September 2024, includes four 5-year renewal options and a corporate guarantee from Aldi, Inc., eliminating landlord responsibilities. The property generates a substantial net operating income (NOI) of $414,473, resulting in a compelling 5.25% cap rate. Built in 1985, the building benefits from its high-traffic location on Government Street, experiencing over 26,200 vehicles per day. The surrounding area features a strong tenant mix including Walgreens, Starbucks, and others, and enjoys a high average household income of $105,708 within a one-mile radius. The property's proximity to Murphy High School (2,000 students) and Ladd-Peebles Stadium (40,000 seats) further enhances its appeal. The asking price is $7,894,714. This Aldi location serves a densely populated area with over 105,426 people residing within a five-mile radius, ensuring consistent customer traffic and strong financial performance. The store's façade will undergo renovations to reflect current Aldi branding. This is a rare opportunity to acquire a well-established, high-performing grocery store investment with a long-term lease and significant upside potential.