April 11, 2025 – Kyle Danielson, Steven Schiavello and Patrick Gray of Horvath & Tremblay have successfully completed the sale of an Aldi in South Point, Ohio. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $2,080,000.
Aldi is located at 330 County Road 276 in South Point, Ohio. The new construction ALDI has 18+ years remaining on their Absolute NNN Ground Lease with six (6), 5-year renewal options. The lease calls for rent increases at the start of all six of the five-year renewal options. The new construction ALDI is well located at the signalized intersection of County Road 276 (Sandusky Road N) and US Highway 52 (Ohio River Scenic Byway), the area’s primary commercial and commuter corridor. The Property enjoys outstanding frontage, visibility and signage and is easily accessible from Downtown South Point (4-miles) and Huntington, WV (4.5-miles). The Property is 2.3-miles from US Highway 60 and 3-miles from Interstate 64. ALDI is surrounded by national retailers and restaurants that drive traffic to the immediate area. South Point is positioned at the southern tip of Ohio. Nestled along the banks of the Ohio River, South Point offers convenient access to Huntington, West Virginia. Located just across the river, Huntington is the area’s largest city and is home to Marshall University (5-miles), Cabell Huntington Hospital (6.5-miles) and St Mary’s Medical Center (7.5-miles).
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.