Plymouth Meeting, PA, October 11, 2019 – Members of the Investment Sales Team at Equity Retail Brokers recently closed a new-construction Aldi in Egg Harbor Township, New Jersey. Equity’s Ed Ginn, Ken Yanni, and Bri Barratt were on the team that represented the seller in the transaction.
The subject property is located at 6028 Black Horse Pike, Egg Harbor Township, NJ and is surrounded by both local and national retail tenants such as La-Z-Boy, Firestone, Chick-fil-A, Lowe’s, Mattress Warehouse, Verizon, Burger King, Wendy’s, Sherwin Williams, The Home Depot, and more! The property benefits from being located within 10 miles from the Atlantic City shore point, a popular vacation destination.
Aldi is a discount supermarket chain focusing on creating an efficient supermarket experience, saving customers time and money without sacrificing quality. Founded by the Albrecht family, the first Aldi store opened its doors in 1961 in Germany, making Aldi the first discount grocery store in the world. Today, Aldi has over 10,000 stores in 20 countries and counting!
“Due to the strong credit, full lease term, and dense retail corridor, this deal attracted many investors from the Northeast, California, and Florida. Single tenant net lease deals with good real estate fundamentals and low rents are in high demand with the 1031 exchange market and non-exchange buyers due to the low interest rate environment,” Equity Agent, Ken Yanni.
For the past 25 years, Equity Retail Brokers has been set aside from any brokerage, by having laser focus in providing our clients with the highest price for their asset at the lowest transaction cost. While we strive to meet a client’s financial goals, we also pride ourselves on client-broker relationships that extend past the closing table.
If you would like more information about this transaction or our investment sales services, please contact Ken Yanni at 484.417.2226 or email kyanni@equityretailbrokers.com.