Investment Highlights

• Hartford Centre is an ALDI grocery-anchored shopping center. ALDI makes up 50% of the GLA and 50% of the income of the property. The subject ALDI recently renewed for ten years and plans to invest significant capital into a store renovation this year (2021), proving their commitment to the site.
• Essential and internet proof tenant line up. The center features ALDI Grocery, 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.
• Dunkin' Donuts recently renewed for ten years and has a drive- thru.
• 91% of the tenant line-up exercised a renewal or signed a new long-term lease within the last year.
• The overall weighted average lease term is 7.5 years, and all of the in-place rents are below market. This provides the future owner with a stable and accretive investment opportunity.
• Value-Add component via leasing up the 5,648 SF vacancy.
• Limited Landlord responsibilities, every tenant, except Ritz Nails, is on a NNN lease.
• Premium high-end construction that is aesthetically appealing.
• Free & clear of debt.