ALDI · Central Islip, NY | InvestmentGrade.com

ALDI Absolute NNN

215 Carleton Avenue · Central Islip, NY 11722 · QSR / Restaurant

Asking price

$4,290,000

Cap rate

4.15%

NOI

$178,000

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Lease

Lease typeAbsolute NNN

Term remaining18.3 yrs

Expiration11/2044

Rent bumps10% Increase Every 5-Yr, after Years 1-10

OptionsFive 5-Yr @ 10%

Ground leaseYes

Credit profileCorporate Guarantee

TenancySingle

Planning a 1031 Exchange

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Property

Building SF20,259

Price / SF$212

Year built2024

Lot size2.02 ac

TypeBank, QSR/Fast Food, Grocery Store

Days on market11

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

New Construction Single-Tenant ALDI |Top 27% Performing Location Nationwide (Placer)
- 18+ Years remaining on the 20-year absolute NNN corporate ground lease
- Starting in Lease Year 10, rent increases 10% every five years throughout the remainder of the base term and during each of the five, 5-year renewal options
- ALDI operates over 2,600 stores and plans to open 180 new stores across 31 states in 2026
- Ranked the #1 Low Price Leader for Groceries – Ernst & Young (2025)

True Ground Lease, Below-Market Rent and Major Tenant Improvements:
- All building costs were done at the tenant’s sole cost and expense demonstrating ALDI’s long-term commitment to the site
- Passive, Absolute NNN Ground Lease requiring zero landlord responsibilities
- Current rent of just $8.78 PSF, a fraction of market rent for new construction offering embedded rental upside

Irreplaceable Long Island Corner Location at the Entrance to a Top-Performing Shopping Center
- Positioned on a highly visible 2.0-acre signalized corner parcel
- Located at the primary entrance to the Target-anchored Town Center at Central Islip
- Shopping center ranks in the Top 28% nationally among Community Shopping Centers (Placer.ai), generating 3.44 million annual visits

Essential Grocery Retail with Proven Performance
- Grocery-anchored real estate remains among the most recession-resistant retail asset classes
- ALDI maintains one of the industry's most efficient operating models with standardized corporate operations
- Strong customer loyalty and value-driven pricing continue to drive consistent traffic regardless of economic cycles

High-Barrier-to-Entry Long Island Real Estate
- Extremely limited future retail development due to land constraints and entitlement barriers
- Large 2.0-acre corner parcel with below-market rent enhances the long-term value of the underlying real estate
- High barriers to entry continue to support tenant demand and long-term land appreciation

Exceptional Retail Corridor with Transformational Mixed-Use Growth Strengthening the Trade Area
- Directly across from The Belmont at Eastview, a $300 million luxury multifamily and medical redevelopment – Phase II Currently Under Construction
- Approved 130-unit affordable housing development immediately adjacent to the property
- Surrounded by major retail, entertainment, recreation, and key community anchors

Dense, Affluent Long Island Demographics
- Over 235,000 residents within a 5-mile radius
- Average household incomes exceeding $135,000 within 1 mile
- Approximately one hour from Manhattan within the New York City MSA

Property overview

CLICK HERE FOR COMPLETE OFFERING MEMORANDUM: https://hanleyinvestmentgroup.com/listings/?id=a0EPg000009eDHV&track=hUHsuzHPhYmwktWSsxif__vto

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Asking-market observation aggregated from public listing sources, last observed Sep 11, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.