| Metric | Details |
|---|---|
| ALDI U.S. | Batavia, Illinois; privately held |
| S&P / Moody’s | no verified rating / no verified rating |
| Investment grade status | Not Yet Verified |
| ALDI growth plan | More than 180 new stores in 2026, for nearly 2,800 by year-end, and a goal of 3,200 stores by the end of 2028 (January 12, 2026) |
| Trader Joe’s | Privately held; a separate company from ALDI U.S. |
| Median asking cap rate | See the live table below |
Aldi / Trader Joe's: no confirmed agency rating. A rating is shown here only after an agency rating action or an issuer filing confirms it. Without an agency rating, lease credit is assessed from financial statements and any guarantee in the lease. Ratings checked October 8, 2026. See the investment grade credit tenant ratings table.
ALDI and Trader Joe’s Business Overview
ALDI U.S. is based in Batavia, Illinois. On January 12, 2026, ALDI said it planned to open more than 180 stores in 2026, reaching nearly 2,800 U.S. stores by the end of the year, and that its goal is 3,200 stores by the end of 2028. It entered Maine, its 40th state, in March 2026.
Trader Joe’s is a separate company. ALDI U.S. and Trader Joe’s do not share credit, so confirm the tenant entity on each lease.
ALDI and Trader Joe’s Credit Profile
Neither ALDI U.S. nor Trader Joe’s publishes U.S. financial statements, and neither is investment grade in the ratings sense. Underwrite these leases on the store, the real estate and the lease terms. Confirm the tenant entity and any guarantee on each lease.
Ratings come from our tenant ratings database, which records the source and date of each rating. A rating at or above BBB‑/Baa3 is investment grade; see the investment grade guide.
Source: Our ratings database, checked October 8, 2026.
ALDI and Trader Joe’s NNN Cap Rates
Live asking cap rates for ALDI and Trader Joe’s and comparable tenants:
| Tenant | S&P / Moody’s | Median asking cap rate | Middle half of listings | Listings | Median vs. 10-year Treasury |
|---|---|---|---|---|---|
| Kroger | BBB / Baa1 | 5.00% | 5.00% to 5.44% | 8 | −24 bps |
| Aldi / Trader Joe's | n/a / n/a | 5.13% | 4.51% to 5.48% | 18 | −12 bps |
| Walmart | AA / Aa2 | 5.13% | 4.44% to 5.81% | 6 | −12 bps |
| Target | A / A2 | 5.33% | 5.06% to 5.66% | 6 | +9 bps |
| Dollar General | BBB / Baa3 | 7.00% | 6.60% to 7.75% | 519 | +176 bps |
Active listings InvestmentGrade.com tracks with an asking cap rate (stated in the listing, or computed from its stated income and price when no rate is stated), listings last observed October 23, 2026. Asking cap rates are not closed-sale cap rates. The middle half is the range from the 25th to the 75th percentile of listings. The 10-year Treasury yield is 5.24% as of October 1, 2026 (FRED series DGS10). Ratings are the agency ratings in our ratings database for the entity shown, which may be a parent company; the rating type (for example issuer, senior unsecured debt, long-term debt or revenue bond ratings) varies by company and is shown on each tenant page. A rating applies to a lease only if the rated entity signs or guarantees it, so confirm the tenant and any guarantor in the lease. n/a means no verified rating is on file. Not shown because fewer than 3 active listings with a published cap rate were observed: Food Lion.
The live table counts ALDI and Trader Joe’s listings together in one row, so its median mixes two separate companies; compare a specific property with listings for the same grocer.
What to Check in an ALDI and Trader Joe’s Lease
- Tenant and guarantor: which entity signs the lease and whether a parent guarantees it.
- Term and rent: remaining term, renewal options and the rent schedule; rent increases vary by lease.
- Store performance: sales and rent relative to sales, where available.
- Co-tenancy and center role: whether the grocer anchors the center and what co-tenancy rights other tenants have.
- Re-use: demand from other grocers, discounters, fitness and medical users for the box.
Pros and Cons
| Strengths | Considerations |
|---|---|
| Fast-growing grocer with a published store goal | No public credit rating or U.S. financial statements |
| Small grocery boxes that suit many users | ALDI and Trader Joe’s do not share credit |
| ALDI reports 17 million new customers visiting its stores in 2025 (January 12, 2026 release) | Newer stores in new markets have shorter track records |
Frequently Asked Questions
Is ALDI investment grade?
ALDI U.S. has no public credit rating in our database, so underwrite its leases on the store, the real estate and the lease terms.
How many stores does ALDI plan to open?
ALDI said on January 12, 2026 that it planned more than 180 new stores in 2026, reaching nearly 2,800 by year-end, with a goal of 3,200 stores by the end of 2028.
Are ALDI and Trader Joe’s the same company?
No. ALDI U.S. and Trader Joe’s are separate companies with separate credit.
Sources: ALDI U.S. news releases of January 12, 2026 and March 2026 (corporate.aldi.us); listing and ratings data from InvestmentGrade.com’s databases.
ALDI / Trader Joe’s Net Lease Property: Buying, Selling and Financing
Buying: We find on-market and off-market ALDI / Trader Joe’s properties, review the lease and the tenant’s credit, and compare pricing with current listings. On the majority of transactions, there is no separate fee to you as the buyer; the listing broker pays a cooperating commission.
Selling: We can prepare an opinion of value from current listings and recent sales and, when it fits your goals, run a confidential sale to private investors, family offices and institutional buyers. See our guide to off-market sales.
Financing: Investment Grade Capital, a service of Investment Grade LLC, matches buyers and owners with lenders for acquisitions and refinancing.
1031 exchanges: Tell us your identification and closing deadlines so we can plan the search around them.
Request an NNN investment consultation or email team@investmentgrade.com.
Related NNN Tenants
Aldi and Trader Joe's NNN Properties Observed For Sale
18 active Aldi and Trader Joe's net lease listings observed across public listing sources, most recently Oct 23, 2026. Asking figures as published by the listing party.
| Location | Asking Price | Cap Rate | Building SF | Term Left | |
|---|---|---|---|---|---|
| Voorhees Township, NJ | $4,615,000 | 5.35% | 19,054 | 11.8 yrs | View listing |
| Coralville, IA | $2,999,000 | 5.25% | 18,783 | 9.3 yrs | View listing |
| Georgetown, KY | $2,825,000 | 4.25% | 20,664 | n/a | View listing |
| Madisonville, KY | $2,200,000 | 5.00% | 19,361 | n/a | View listing |
| Slidell, LA | $6,756,000 | 5.50% | 48,164 | 14.2 yrs | View listing |
| St. Louis Park, MN | $7,400,000 | 5.30% | 13,740 | 5.5 yrs | View listing |
| Cottage Grove, MN | $3,745,000 | 6.15% | 20,027 | 4.8 yrs | View listing |
| Haymarket, VA | $10,750,000 | 5.83% | 38,000 | 10.2 yrs | View listing |
Search all 18 observed Aldi and Trader Joe's listings and the full NNN inventory
Market observations aggregated from listing broker materials; not offerings by Investment Grade Income Property, LP. Buyer representation available on a cooperating commission basis. Information deemed reliable but not guaranteed.
