Harding Highway ALDI/Big Box

Property Type: | Property Status: Sold

Harding Highway ALDI Big Box

Property Details

Price: $2,800,000

CAP Rate:

Square Feet:

Tenancy Type: National

Lease Type:

Location Info

Address: 2250 Harding Highway

City: Lima

State: OH

Zip: 45804

Property Description

Short Description:
The Cooper Commercial Investment Group is pleased to announce the sale of the Harding Highway Aldi ground lease along with the former Kmart building consisting of a 92,000 S.F. big box vacant space.

Aldi recently signed a 20-year NNN ground lease which sits as an outlot to the big box vacancy and will provide the buyer with tremendous upside upon lease-up. The two buildings are shadow anchored by a Walmart Supercenter, and situated right off Interstate 75, which includes other retailers such as Sam’s Club, Big Lots, Goodwill, McDonald’s, Taco Bell and Wendy’s. Dan Cooper and Bob Havasi of the Cooper Commercial Investment Group in Cleveland, Ohio, had the privilege to represent the seller on the transaction, whom the Cooper Group has worked with on several other transactions. The buyer, a private East Coast investment group has also worked with the Cooper Group on multiple other transactions and was identified prior to the property officially coming to market. The property transacted for $2,800,000 in an all-cash deal. The Cooper Commercial Investment Group looks forward to working with parties interested in selling or looking to acquire other similar commercial assets and encourages you to contact them for a no obligation, evaluation of your commercial property. Visit them on line at www.CooperGrp.com for the most up-to-date listings and information, stay connected by, “Like” them on Facebook and follow them on Twitter @TheCooperGrp.