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Hanley’s Lefko and Asher Close on Triple-Net Aldi
Hanley Investment Group Real Estate Advisors arranged the pre-sale of a new-construction, single-tenant Aldi at Litchfield Plaza shopping center in Litchfield, IL. The sale price was $1,675,000 for the triple-net absolute ground lease.
Hanley VP Jeff Lefko and EVP Bill Asher, along with Alex Apter of LOCATION Commercial Real Estate of St. Louis, represented the seller, Greater Missouri Builders of St. Charles, MO. The buyer was an unnamed private investor based in Illinois.
This was Hanley’s seventh ALDI investment sold or on the market in the last 12 months. Last year, Lefko and Asher reportedly reached 2018’s lowest cap rate nationwide for a single-tenant net-leased Aldi, with a San Jacinto, CA location trading at a 4.26% cap rate.
Lefko noted that Litchfield is known as “the hub” of Central Illinois. There are 1.5 million people who live within a 50-mile radius of the city.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
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