David Hesano, of the CBRE Net Lease Property Group, is pleased to exclusively market this long-term Aldi investment property. Located in Alpena, MI, and with a planned opening in February of 2024, this is a new-construction, freestanding Aldi of the latest design. The tenant has signed a twenty (20) year absolute-net groundlease with a rent escalation in year eleven (11). This is an absolute net groundlease whereas the Landlord does not have any replacement, maintenance, or repair responsibilities. Positioned to serve Alpena and the surrounding region of the northeastern portion of Michigan’s lower peninsula, this new development is situated on the “Main St.” of the retail area. Other tenants in the immediate area include Meijer, Walmart, Home Depot, Walgreens, and a recently opened Marshall’s.