Hartford, WI
Price: $3,061,000
Cap Rate: 6.75%
Status: UNDER CONTRACT

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Blue West Capital is pleased to present the sale of a multi-tenant retail property located in Hartford (Suburban Milwaukee), Wisconsin. The 12,530 square foot property is leased to national, e-commerce resistant, and essential tenants including Dunkin’ Donuts (drive-thru), H&R Block, Shopko, Papa Murphy’s, and others. The subject property is part of a condominium with the adjacent ALDI building. The owner of the multi-tenant building will be responsible for operating and maintaining the common areas on behalf of the condo declaration. The ALDI is a high-performing store that attracts additional customers to the property. This investment offers the purchaser a passive, stable, and accretive cash flow for years to come. 

Located just 35 miles northwest of downtown Milwaukee, Hartford is an affluent and growing suburb of Milwaukee. Within a five-mile radius, average household incomes are over $86,000, and population is expected to grow in the next five years. The subject property offers excellent accessibility and visibility, as it is located right off of Interstate 41, and along Highway 60 (E Sumner Street), which is the main thoroughfare in the market. 

  • Essential And Internet-Proof Tenant Line Up. The Center Features Dunkin’ (Drive-Thru), Papa Murphy’s, H&R Block, Shopko Tropical Tan, Ritz Nails, And Ichiban Sushi & Steakhouse. All Tenants Have Remained Current Throughout The Pandemic.
  • ​Shadow Anchored By A Strong Performing Grocery Store, Aldi, Which Provides Additional Consumer Draw To The Center.
  • ​Many Of The Tenants Exercised A Renewal Or Signed A New Lease Within The Last Two Years.
  • The In-Place Rents Are Below Market. This Provides The Future Owner With A Stable And Accretive Investment Opportunity.
  • ​Excellent Accessibility And Visibility. Positioned Just Off Of Interstate 41 And Located Along The Major Thoroughfare, Highway 60. There Are Over 32,000 Combined Vehicles Per Day At The Subject Property.
  • ​Affluent And Growing Demographic Base.
  • ​Every Tenant Except Ritz Nails Is On A NNN Lease.
  • ​Premium High-End Construction That Is Aesthetically Appealing.
  • ​Free & Clear.

OFFERING SUMMARY

Price: $3,061,000
Cap Rate: 6.75%

Building Size: 12,530 SF
Occupancy:
100%

INVESTMENT CONTACT

CARLY KELLY
Director
Investment Sales
720.828.6290
Carly@BlueWestCapital.com

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2022-09-13T14:22:45-07:00
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