1589 E Sumner St - Supermarket FOR SALE


Hartford, WI 53027
$2,443,000 USD
858-822-9811
1589 E Sumner St, Hartford, WI for Sale
$2,443,000 USD
Supermarket - FOR SALE
1/10
null | 7% Cap Rate

1589 E Sumner St
Hartford, WI 53027


HIGHLIGHTS

  • Free & Clear of Debt
  • Condo Interest is Being Conveyed
  • Long-Term Lease with Limited Landlord Responsibilities
  • Early Lease Extension Option Exercised in 2019, Proving Long-Term Commitment to the Site
  • 80% More Annualized Foot Traffic From March to July 2024, Per Placer.ai
  • Expansion Option Adds 2,709 SqFt to ALDI Space

OVERVIEW

The subject property is a 16,399 SF freestanding condo interest ALDI. The site is the anchor tenant within Hartford Centre and is located in one of the main retail corridors in Hartford, WI. ALDI is near several national retailers such as Starbucks, McDonald’s, Jimmy John’s, Kwik Trip, Anytime Fitness, Super 8, Wyndham, and more. ALDI has excellent visibility and great access on E Sumner St with 22,900 VPD and is directly adjacent to multiple hotels with over 75+ rooms. This is a long-term lease with limited landlord responsibilities with an early lease extension option exercised in 2019, proving a long-term commitment to the site. There are ±6 years remaining on the initial term, four 5-year renewal options, and 5% increase every 5 years in option periods. The tenant is a privately owned company with over 2,000+ stores and a dominant brand with over 40MM customers each month. Watch Property Video: https://vimeo.com/847762565

FOR SALE DETAILS

PRICE

$2,443,000 USD

PRICE/SF

$149 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ALDI at Hartford Centre

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C

APN/PARCEL ID

36-2203002007

ASK ABOUT THIS PROPERTY

Ryan GomezCushman & WakefieldMore Info
858-822-9811

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Ryan GomezCushman & WakefieldMore Info
858-822-9811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.