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Views: 41 DOM: 25 Updated: 12.13.24 Posted: 11.27.24 Status: Active

Summary

Price $2,443,000
Built/Renov 2013
Tenant ALDI
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 16,399
Lease Start 12-01-2013
#Units 2,400
Price/SF $148.97
Expiration 08-31-2030
Tenant Type Grocery
NOI $171,042
R. Term 5.8
Ownership Fee Simple
Rent/SF $10.43
Increases 5.0%/5/yrs
Pop 5Mi 28,754
Lot/AC 0.00
Options 4/5yrs/5%
AHHI 5Mi $89,323

Lease Highlights

  • Early lease extension option exercised in 2019, proving long-term commitment to the site
  • Four 5-year renewal options remaining | 5% rental increases at the start of each option
  • Long-term lease with limited landlord responsibilities
  • Free & clear of debt
  • Corporate guaranteed lease

Location Description

ALDI is strategically located along Sumner Street in Hartford, WI, with excellent visibility and access to 22,900 vehicles passing by daily. It serves as an anchor tenant within Hartford Centre, situated in one of the town's main retail corridors. The property is surrounded by several national retailers, including Starbucks, McDonald’s, Jimmy John’s, Kwik Trip, Anytime Fitness, Super 8,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: ALDI
  • Guarantor:Corporate
  • Company:AlDI South Group
  • # Units:2,400
  • Stock:Private

About Tenant

ALDI is a small-format supermarket chain focused on creating an efficient shopping experience, saving customers time and money without compromising quality. ALDI primarily offers a range of...


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Listing Broker

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