Chicago, IL - Syndicated Equities’ Net Lease Brokerage Division announced the successful completion of an off-market transaction involving single-tenant ground leased grocery store 100% leased to ALDI and located in a fast-growing suburb of Indianapolis. The asset is encumbered by a 20-year ground lease, providing the investor with passive ownership and no landlord responsibilities, as well as long-term, contractually secured income backed by one of the nation’s top grocery operators.

Josh York of Syndicated Equities represented the Buyer, a private investor completing a 1031 exchange and seeking a passive, long-term ground lease investment. The Seller was represented by Jon Bannister and Phoebe Aaron of Veritas Realty.

The property is strategically positioned within a dominant retail corridor experiencing significant residential growth and continued commercial development, reinforcing the long-term real estate fundamentals of the investment. The transaction highlights sustained private investor demand for high-quality, necessity-based ground leases in growth markets throughout the Midwest.

The transaction marks the 17th single-tenant asset that Syndicated Equities has brokered in Indiana and its second in 2025. To date, the firm has brokered more than $55 million worth of single-tenant net lease assets across the state, representing assets leased to nationally recognized tenants such as ALDI, Texas Roadhouse, Walgreens, CVS, Barnes & Noble, and others.