A German Family Office, represented by International Capital, purchased an Aldi ground lease in Statesboro, Georgia.
The lease for the approx. 2.9-acre site improved with a 23,435 SF grocery store started in June 2019 and has an initial term of 20 years (plus six 5-year options). The property, an outparcel to Statesboro Crossing, a retail power center with anchors like TJ Maxx, Hobby Lobby, Petco and others, lies in the dominant retail destination for Statesboro.
Statesboro is home to Georgia Southern University with more than 23,000 enrolled students. The town is located 50 minutes east of Savannah, which has one of the busiest cargo ports in the US.
This purchase represents the second Aldi acquisition in a three-month period for the international client. International Capital serves this client in their strategy to build a multi-property portfolio of well-located and attractive properties in the US. These may include ground leases and other suitable properties of well-known credit tenants.
Martina Crevecoeur, CCIM, International Capital’s Senior Vice President of Acquisitions/Dispositions represented the Family Office in the transaction.