Southern California Private Investor Buys Aldi-Anchored Retail Asset in Rialto for $8.8 Million

by Alex Tostado

Rialto, Calif. — A Southern California-based private investor has purchased Rialto-Aldi-WSS, a retail asset located on 2.4 acres at 630-660 W. Foothill Blvd. in Rialto. A Los Angeles-based private partnership sold the property for $8.8 million.

Built in 2018, the asset features an 18,841-square-foot ALDI grocery store and a 12,430-square-foot WSS, a footwear and apparel retailer. Both ALDI and WSS have a corporate-guaranteed, long-term ground leases with fixed increases every five years and options to renew.

Douglas Cole of Marcus & Millichap’s West Los Angeles office represented the buyer, while Bill Asher and Jeff Lefko of Hanley Investment Group Real Estate Advisors and Greg Bedell of Progressive Real Estate Partners represented the seller in the transaction.

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