July 22, 2020
Hanley Investment Group Real Estate Advisors arranged the sale of a new construction single-tenant ALDI in Chaska, MN, within the Twin Cities metro area. The sale price was $3,023,000 for the absolute triple-net ground lease in an off-market transaction.
EVPs Jeff Lefko and Bill Asher of Hanley represented the seller and developer, TOLD Development Company of Minneapolis. The buyer was a private investor from Santa Barbara, CA.
“The Twin Cities’ gross domestic product is the second largest in the Midwest behind only Chicago and is the 13th largest economy in the nation,” said Lefko. “It is home to 19 Fortune 500 companies and has a robust job market with strong population growth.”
He added, “ALDI continues to be one of the most sought-after grocery investments nationwide and is routinely recognized for its successful performance in the discount grocery sector.”
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