List Search

146 Backbone Rd E
Princeton, IL 61356

$2,675,000 USD

Supermarket For Sale  •  19,631 SF

Property Details

  • Property Type Supermarket
  • Total Building Size 19,631 SF
  • Lot Size 0.81 AC
  • Building Class B
  • Year Built 2025
  • Cap Rate 4.85 %
  • Tenancy Single
0 Transit Score
37 Walk Score

Highlights

New-Construction Single-Tenant ALDI
New 20-year absolute NNN corporate ground lease
8% increases every 5 years during the base term and 10% increases in each of the eight 5-year options
ALDI has over 2,400 stores and is the third-largest grocery chain by store count in the U.S
Surrounded by Princeton’s Largest Employers: The property is within close proximity to the Ace Hardware distribution Center (605 employees)
Prominent Exposure; Strategically Located at the Intersection of County Road and N. Main Street, Two Major Thoroughfares in the City of Princeton
Cap Rate: 4.85 %

Amenities

  • Dedicated Turn Lane
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Princeton Amtrak Station (California Zephyr - Amtrak, Carl Sandburg - Amtrak, Illinois Zephyr - Amtrak, Southwest Chief - Amtrak) 1 min 15 min 0.8 mi
Scott Reid 949-942-6585 ParaSell, Inc.
Scott Reid 949-942-6585 ParaSell, Inc.