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www.priceedwards.com
Aldi | 4825 N. May Ave., Oklahoma City, OK 73112
Paul RavencraftRetail Investment Team(405) [email protected]
George Williams, CCIM Retail Investment Team(405) [email protected]
ALDI | 20 Year Ground Lease | $2,401,000
• Shadow Anchor Tenants - CVS, Michael’s, and Stein Mart.
• Surrounding National Tenants Include: Target, Walgreens, Starbucks, Jack in the Box, and Whataburger.
• Location - Between NW 48th Street and NW 47th Street on N. May Avenue in Oklahoma City, Oklahoma.
Aldi’s at Mayfair Village4825 N. May Ave., Oklahoma City, OK 73112
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
DEMOGRAPHICS
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.
PROPERTY OVERVIEW
• 20 Year Ground Lease
• Traffic Count - Proximity to major
highways and central Oklahoma City
location expose this property to over
20,000 cars daily on May Avenue, and
approximately 13,000 cars daily on
NW 50th Street.
SALE HIGHLIGHTS
Aldi4825 N. May Ave., Oklahoma City, OK 73112
ALDI
ALDI is a discount supermarket chain focusing on creating an efficient supermarket experience, saving customers time and money without sacrificing quality.
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 properties provide a long-term investment with no property management responsibilities in the form of 15 to 20-year primary term, NNN ground leases. The lease terms typically call for a 5% increases in rent every 5 years.
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 has more than 1,750 stores across 35 states, employs over 25,000 people and has been steadily growing since opening its first US store in Iowa in 1976.
ALDI has a unique grocery shopping experience as the products are displayed in their shipping boxes to help save time and resources restocking shelves. Shoppers will find more than 90% of the groceries they offer are under the ALDI exclusive brands at the lowest prices.
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.
Address:4825 N. May AvenueOklahoma City, OK
Asking Price: $2,401,000
CAP Rate: 4.58%
NOI: $110,000
Lease Type: Ground Lease
Lease Expiration: 1/31/2038
Land Size: 1.38 Ac.
Building Size: 19,320 SF
Year Built: 2018
Retail Investment TeamPaul Ravencraft and George Williams, CCIM
Paul Ravencraft is a partner of the Retail Investment Team for Price Edwards and Company. Ravencraft entered the real estate business in 1985. Since joining Price Edwards & Company in 1993, Ravencraft has been involved in over 6,300,000 square feet of investment sales; this represents well over $ 370,000,000 in real estate volume. Many of the largest real estate transactions in Oklahoma City have been brokered with Mr. Ravencraft. With over 32 years in the Oklahoma City marketplace, Paul has been able to create an extensive database of real estate investors. Mr. Ravencraft has extensive market knowledge specializing in retail investments.
Paul is a member 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+ markets, and networking ability that rivals that of any of the national firms. Chainlinks is offered in 60+ markets, as well as networking for over 600 local firms across North America.
George Williams, CCIM is a partner within the Retail Investment Team for Price Edwards & Company. As part of the retail investment team, George is responsible for marketing, sales and leasing retail properties within the Price Edwards portfolio. He represents numerous landlords and developers within Oklahoma and has also worked with many local and national tenants. George possesses strong, decisive, and collaborative leadership skills, with a proven sales ability to assess client needs; establish rapport, build trust, and close deals.
Leasing and sales is a business of relationships. George is able to assist clients by leveraging his extensive network of retailers, developers, landlords, and brokers. George has demonstrated success across all property types, including neighborhood, community and power centers, single-entity, mixed-use, lifestyle and urban properties, as well as development and redevelopment projects. George believes that the best mix of dynamic anchor tenants, complementary retailers, and service providers plus the careful selection of outparcel users create synergy, define the personality of each property, and provide the opportunity to realize maximum achievable rents, mutual goals and profitability.
Specialties• Single-Tenant NNN Sales • Investment Sales• Retail Center Sales• User Sales• Land Sales
Email: [email protected]: www .retailoklahoma.com
