ALDI 1550 Government St

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Aldi property positioned within the Mobile MSA in Mobile, Alabama. In September 2024, Aldi assumed the lease for this location from Winn-Dixie who has been successfully operating since 1986. At the time of assumption, Aldi signed a new 11-year extension through May 2035 demonstrating commitment. The lease is absolute triple net which presents no landlord responsibilities. The lease features four 5-year renewal options and a new corporate guaranty from Aldi. In the coming months, the store façade will be renovated to reflect ALDI branding.
The 42,510-square-foot building benefits from its location along Government Street, which experiences over 26,200 vehicles per day. Situated in a densely populated area, the property serves a community of over 105,000 people within a five-mile radius. Additionally, the average household income within one mile is $105,708. The property is surrounded by a strong tenant mix, including Walgreens, Starbucks, Sherwin-Williams, Fresenius, Firestone, and more. It is also in proximity to Murphy High School, with 2,000 students, and Ladd-Peebles Stadium, a 40,000-seat college football venue.
ALDI, founded in 1946 in Germany, is a leading global grocery retailer with over 2,000 U.S. stores and more than 11,000 locations worldwide. Known for its streamlined, cost-effective approach, ALDI offers high-quality, private-label products at competitive prices, attracting a loyal customer base. The company is rapidly expanding across the U.S., with plans to reach 2,500 stores by 2024, emphasizing renovated stores and enhanced e-commerce. ALDI is also committed to sustainability, aiming for 100% sustainable packaging for its exclusive brands by 2025.