Investment Offering
Madisonville, KY - Aldi
535 Whittington Drive | Madisonville, KY 42431
$2,200,000
Price5%
Cap Rate$110,000
NOI2025
Year Built100%
Occupancy19,361
± SF Offering GLA2.31
± AC Land AreaDescription
SRS Real Estate Partners is pleased to present the opportunity to acquire the leased fee interest in a brand-new, single-tenant Aldi property located in Madisonville, Kentucky. The property is backed by a newly executed 15-year ground lease with five (5) additional five-year renewal options, reflecting the tenant’s long-term commitment to the site. The lease features scheduled 10% rental increases every five years throughout the base term and options, offering reliable NOI growth and a built-in hedge against inflation. The lease is structured as an absolute NNN ground lease with zero landlord responsibilities, making it an ideal opportunity for out-of-state or passive investors seeking long-term income from a corporate tenant. The tenant, ALDI Inc., is a wholly owned subsidiary of ALDI, one of the largest grocery chains in the U.S. with more than 2,400 locations nationwide.
Location
The asset benefits from a strategic location adjacent to a high-performing Kroger and Lowe’s Home Improvement, which together report over 1.8 million annual visits and rank in the 93rd+ percentile statewide in their respective retail categories (Placer.ai, February 2025 – January 2026). The property is also surrounded by strong co-tenancy including McDonald’s, Harbor Freight, O’Reilly Auto Parts, Big Lots!, and Fresenius. Baptist Health Deaconess Madisonville, a 410-bed hospital with a 20-bed ICU, is located just five minutes away, further enhancing daytime population and foot traffic. The immediate area is supported by a strong residential base with over 26,000 residents and 14,000 employees within a five-mile radius. The one-mile trade area boasts an average household income exceeding $71,000, underscoring the stability and consumer demand fundamentals that support ALDI’s ongoing operations and long-term performance at this site.
Documents & Links
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