Hartford (Milwaukee MSA), WI
Price: $3,420,000
Cap Rate: 5.0%
Status: AVAILABLE
Blue West Capital is pleased to present the opportunity to acquire a condo interest in the ALDI located at 1589 E Sumner Street in Hartford, Wisconsin. The 16,399 square foot building is located within the Milwaukee MSA and 100% leased to nationally recognized ALDI, Inc. ALDI has made many headlines as they are quickly expanding within the United States.
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Long term lease with ALDI, Inc., an essential grocery tenant and one of the fastest growing grocery retailers in the country
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Rental Escalations of 5% every five years, beginning in their first option period
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ALDI renewed for ten years during the middle of the COVID-19 pandemic and plans to invest significant capital into a store renovation this year (2021)
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Excellent accessibility and visibility, with its position just off of Interstate 41 and along the major thoroughfare, Highway 60
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Limited Landlord responsibilities (roof and structure)
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Premium high-end construction that is aesthetically appealing
- Upper middle-income & growing demographic base: $87,000 average household income within 5 miles
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Free & Clear
OFFERING SUMMARY
Price: $3,420,000
Cap Rate: 5.0%
Building Size: 16,399 SF
Occupancy: 100%
INVESTMENT CONTACT
CARLY KELLY
Director
Investment Sales
720.828.6290
Carly@BlueWestCapital.com
SHAWN DICKMANN
Associate
Investment Sales
720.828.8310
Shawn@BlueWestCapital.com