ALDI JEFFERSON, GEORGIA - CONFIDENTIAL OFFERING MEMORANDUM - LoopNet
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ALDI JEFFERSON, GEORGIA CONFIDENTIAL OFFERING MEMORANDUM Representative Photo
CONTENTS PRESENTED BY
3 EXECUTIVE SUMMARY NEAL PRINGLE
»» Introduction Director of Investment Sales
P 770.955.2434
»» Site Plan
Neal.Pringle@tscg.com
»» ALDI Profile
»» ALDI Abstract
ADAM BIRNBREY
8 LOCATION OVERVIEW Investment Sales Associate
»» Location Map P 770.955.2434
Adam.Birnbrey@tscg.com
»» Jackson County & Jefferson Overview
»» Trade Area Dynamics
»» Local Facilities
»» Demographics
»» GPS
Representative Photo
EXECUTIVE SUMMARY
INTRODUCTION
SITE PLAN
ALDI PROFILE
ALDI ABSTRACT
Representative Photo
I NTRO D U CTI O N
E X E CUT I VE
S UMMARY
TSCG is excited to offer for sale the opportunity to purchase • Freestanding grocery store
the newly constructed ALDI grocery store, located at 1700 Old
Pendergrass Rd, Jefferson, GA 30549 (the “Property”). The
freestanding building is on a 20–year absolute NNN ground • Long term, absolute NNN ground lease
lease with six, 5–year options to renew.
• 20 year term with six options to extend and 10%
The Property is situated three miles southeast of I–85 on the increases every five years starting after year 10
O V ERV IEW
LO CAT IO N
four–lane Jefferson Bypass, US Hwy 129. Hwy 129 is the main
thoroughfare between I–85 and the University of Georgia in
Athens, GA with over 38,000 students (20 miles east of the • Adjacent to the Kroger anchored Loggin’s Corners
Property). ALDI is located immediately adjacent to the 99,110 – historically the highest volume PSF Kroger in four
states
SF Kroger anchored Loggin’s Corners. Due to the high industrial
growth in the Jefferson corridor, this Kroger has historically been
the highest volume per SF Kroger store in four states: GA, AL, • Located in a high growth corridor with a large influx
SC and NC. The Property benefits strongly from its proximity to of industrial and residential development
the newly built ALDI SE Distribution Center located just six miles
away within the Jefferson area.
• Recent announcement of 850,000 SF Amazon
fulfillment center will immediately add 1,100 workers
P R O P E R T Y I N F O R M AT I O N to the Jefferson community
1700 Old Pendergrass Rd
Address
Jefferson, GA 30549
Total Land Acreage 6.02 Acres • Located 3 miles southeast of Georgia’s largest flea
market, Pendergrass Flea Market – over 25,000
Total Building Size 17,036 SF visitors per weekend
Year Built 2019
LEASING • Excellent visibility from Hwy 129 (22,300 AADT)
Lease Type Absolute NNN Ground Lease
Lease Term 20 Years
• Hwy 129 is the main thoroughfare between I–85
Current Annual Rent $85,000 and the University of Georgia in Athens, GA
(38,000 students)
PRICING
Price $1,790,000
• Situated less than 10 minutes from ALDI SE Distribution
Representative Photo Cap Rate 4.75%
Center
ALDI - JEFFERSON, GA – TSCG.COM 4
3RD
40 MILLION LARGEST GROCERY
behind
CONSUMERS 2018 Walmart & Kroger
by 2022
each month RETAILER
OF THE YEAR
– Supermarket News
2,500
US LOCATIONS
JEFFERS
expected by 2022
AD
RO
SS
ON BYP
A
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D ER
P EN
D
OL
ASS
ALD I PRO FI LE
E X E CUT I VE
S UMMARY
Company Name ALDI
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LO CAT IO N
Number of Locations 10,000+ worldwide, 1,800+ US
Year Founded 1946 (Germany), 1976 (US)
Ownership Privately Held
US Headquarters Batavia, IL
ALDI is a privately held, family–owned discount grocery chain based in Germany. The company
was founded by the Albrecht brothers in 1946 and split into two separate groups in 1960, ALDI
Nord (headquartered in Essen) and ALDI Sud (headquartered in Mulheim). The name ALDI was
introduced in 1962, as an abbreviation for Albrecht Diskont.
The ALDI group operates over 10,000 stores worldwide in 20 countries. ALDI made its debut
in the United States in Iowa in 1976, and it now has over 1,800 stores in 35 US states. The
German chain has experienced rapid expansion over the last few decades due to its exclusive
branding, self service model and exceptional taste and quality. More than 40 million customers
shop at ALDI each month.
In June of 2017, ALDI announced a $5.3 billion plan to remodel its existing 1,800+ US stores
and open 700 new ones. The plan called for an expansion of the chain to over 2,500 stores by
2022, putting ALDI as the third largest grocer in the US, behind Walmart and Kroger.
ALDI Sud operates as ALDI and ALDI Nord as Trader Joe’s.
ALDI - JEFFERSON, GA – TSCG.COM 6
ALD I ABSTRACT
E X E CUT I VE
S UMMARY
O V ERV IEW
LO CAT IO N
ALDI LEASE ABSTRACTT ALDI RENT SCHEDULE
Tenant ALDI, Inc. d/b/a ALDI Lease Years Annual Base Rent Monthly Base Rent
Term 20 Years 1–10 $85,000.00 $7,083.33
Options Six (6), 5–year options 11–15 $93,500.00 $7,791.67
Building Size (SF) ± 17,036 SF 16–20 $102,850.00 $8,570.83
Land Acreage 6.02 Acres
Year Built 2019 Option Periods
Rent Commencement Date On or before May 23, 2019 21–25 $113,135.00 $9,427.92
The operation of a select assortment retail grocery store, including the sale of alcoholic 26–30 $124,448.50 $10,370.71
Permitted Use
beverages for off–premises consumption
31–35 $136,893.35 $11,407.78
Real Estate Taxes Tenant responsibility
36–40 $150,582.69 $12,548.56
CAM Tenant responsibility
41–45 $165,640.95 $13,803.41
Insurance Tenant responsibility
46–50 $182,205.05 $15,183.75
Tenant shall not assign this lease or sublet the Premises, without the written consent of
Assignment & Subleasing
Landlord.
ALDI - JEFFERSON, GA – TSCG.COM 7
MARKET OVERVIEW
LOCATION MAP
JACKSON COUNTY & JEFFERSON OVERVIEW
TRADE AREA DYNAMICS
LOCAL FACILITIES
DEMOGRAPHICS
GPS
Representative Photo
ALDI
Atlanta
JACKSO N CO U NTY & J EFFERSO N OVERVI EW
E X E CUT I VE
S UMMARY
O V ERV IEW
LO CAT IO N
JACKSON COUNTY EDUCATION
The city of Jefferson is situated immediately northeast of the Jackson County has rapidly grown over the years, attracting 4 Jackson County School District is home to six elementary
Atlanta, Georgia metro area along the high growth Interstate new corporations and 5 major expansions in the year 2016 schools, two middle schools and two high schools. The district
85 corridor. Jefferson is the county seat of Jackson County, alone. Amazon, Williams–Sonoma, Hubbell Incorporated and serves approximately 8,000 students.
which is made up of a population of 67,519 people (estimate Benore Logistics each located brand new facilities in Jackson
2017). County in 2016. This has significantly impacted the surrounding The Jefferson City School District consists of a four educational
community totaling $140 million in new investment and creating school complex, situated ½ mile east of the Property: Jefferson
Jefferson’s population in 2017 totaled 11,136 residents, a nearly 1,200 new jobs. Huber Engineered Woods, Resilux and Elementary (818 students), Jefferson Middle (821 students),
110% population increase change since the 2005 census. The Deutz Corporation completed expansions in 2016 totaling over Jefferson Academy (747 students) and Jefferson High (1,003
city’s development has been significantly impacted by the rapid $15 million. Southeast Toyota Distributors and Kubota Tractor students). The complex is located on Old Pendergrass Rd, ½
industrial and distribution growth throughout the city and county. Corporation recently announced major expansions which mile east of the Property, with a total of 3,389 students.
Due to its locational convenience, Jackson County and the city combined over $40 million in new investment. The Southeast
of Jefferson have become popular areas for national company’s Toyota Distributors major expansion will include a 330,000 SF The University of Georgia, located in Athens, Georgia, is
distribution and fulfillment centers. development of 6 buildings on 277 acres of land. located 20 miles east of Jefferson. The university ranks No. 13
on best public national universities. The total undergraduate and
graduate enrollment at UGA is 38,246 students.
ALDI - JEFFERSON, GA – TSCG.COM 10D EM O G RAPH I C REPO RTS – RAD I I
E X E CUT I VE
S UMMARY
O V ERV IEW
LO CAT IO N
ALDI - JEFFERSON, GA – TSCG.COM 14The map depicts the Common Daytime Locations for devices that are known to have visited Kroger anchored Loggin’s Corners shopping center. The percentage associated with each trade area represents the number of devices seen in that trade area out of all devices seen at the subject property. A statistical methodology is used to create each trade area break with the density of devices in the grids increasing from secondary to primary. Note: This data represents density of devices, not frequency of visits.
The map depicts the Common Evening Locations for devices that are known to have visited Kroger anchored Loggin’s Corners shopping center. The percentage associated with each trade area represents the number of devices seen in that trade area out of all devices seen at the subject property. A statistical methodology is used to create each trade area break with the density of devices in the grids increasing from secondary to primary. Note: This data represents density of devices, not frequency of visits.
Representative Photo
DISCLAIMER
This Offering Memorandum has been prepared by TSCG for The Offering Memorandum does not constitute a representation This Offering Memorandum and the contents, except such
use by interested parties to evaluate the potential acquisition that there has been no change in the business or affairs of information which is a matter of public record or is provided
of ALDI located in Jefferson, Georgia (the “Property”). All the Property or Owner since the date of preparation of the in sources available to the public, are of a confidential nature.
projections have been developed by TSCG, Owner and Offering Memorandum. Analysis and verification of the By accepting this Offering Memorandum, you agree that you
designated sources, are based upon assumptions relating to information contained in the Offering Memorandum is solely will hold and treat it in the strictest confidence, that you will
the general economy, competition, and other factors beyond the responsibility of the prospective purchaser. not photocopy or duplicate it, that you will not disclose this
the control of TSCG and Owner, and therefore are subject to Offering Memorandum or any of the contents to any other entity
variation. No representation is made by TSCG or Owner as Additional information and an opportunity to inspect the (except to outside advisors retained by you, if necessary, for
to the accuracy or completeness of the information contained property will be made available to interested and qualified your determination of whether or not to make a proposal and
herein, and nothing contained herein is or shall be relied on as prospective investors upon written request. Owner and TSCG from whom you have obtained an agreement of confidentiality)
a promise or representation as to the future performance of the each expressly reserve the right, at their sole discretion, to reject without the prior written authorization of Owner or TSCG and
Property. Although the information contained herein has been any or all expressions of interest or offers regarding the property that you will use the information in this Offering Memorandum
obtained from sources deemed to be reliable and believed and/or terminate discussions with any entity at any time with for the sole purpose of evaluating your interest in the property
to be correct, TSCG, Owner and its employees disclaim or without notice. Owner shall have no legal commitment or and you will not use the Offering Memorandum or any of the
any responsibility for inaccuracies and expect prospective obligations to any entity reviewing this Offering Memorandum contents in any fashion or manner detrimental to the interest of
purchasers to exercise independent due diligence in verifying or making an offer to purchase the property unless and until Owner or TSCG. If you have no interest in the property, please
all such information. Further, TSCG, Owner and its employees such offer is approved by Owner, a written agreement for the return the Offering Memorandum to TSCG.
disclaim any and all liability for representations and warranties, purchase of the property has been fully executed, delivered and
expressed and implied, contained in, or for omissions from, approved by Owner and its legal counsel, and any obligations © 2019 TSCG All Rights Reserved
the Offering Memorandum or any other written or oral set by Owner thereunder have been satisfied or waived.
communication transmitted or made available to the recipient.
ALDI - JEFFERSON, GA – TSCG.COM 17NEAL PRINGLE ADAM BIRNBREY
Director of Investment Sales Investment Sales Associate
P 770.955.2434 P 770.955.2434
Neal.Pringle@tscg.com Adam.Birnbrey@tscg.com
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