In April 2025, a German family office, represented by International Capital, successfully acquired a ground lease for a newly developed Aldi supermarket in Louisville, Kentucky.

Louisville, the largest city in Kentucky, ranks among the most dynamic metropolitan regions in the U.S. Midwest, driven by its robust economy, growing population, and high quality of life. The new Aldi store is located in the thriving Middletown neighborhood, an increasingly popular area for both residential living and retail development.

The property benefits from excellent accessibility, positioned near major transportation routes. The surrounding area features a balanced mix of residential and retail properties and is supported by strong demographics with stable household incomes.

The site consists of approximately 2.11 acres and hosts a newly constructed Aldi supermarket, comprising approximately 21,800 square feet, which opened in December 2024. Strategically situated within a high traffic, established retail corridor, the location offers outstanding visibility and accessibility from nearby residential communities, further enhancing its attractiveness.

The lease agreement provides for an initial 20-year term, with five additional five-year renewal options. Rent escalates by 7% every five years, offering long-term income growth and value stability. The structure is a true triple net (NNN) lease, with Aldi responsible for all operating expenses, property taxes, and maintenance obligations.

Martina Crevecoeur, CCIM, Senior Vice President of Acquisitions/Dispositions at International Capital LLC, led the negotiations and successfully completed the transaction on behalf of the family office.

International Capital now manages a portfolio of 14 Aldi supermarkets on behalf of its clients.