Sold

Sold

Hartford Centre

Hartford, WI 53027

Price

$4,950,000

Cap Rate: %

Lead Broker

Carly Gallagher Kelly

720.828.6290 Carly@BlueWestCapital.com

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.

Location Highlights

  • Excellent accessibility and visibility. Positioned just off of Interstate 41 and located along the major thoroughfare, Highway 60 (E Summer Street). There are over 32,000 combined vehicles per day at the subject property.
  • Affluent and growing demographic base.

We are ready to assist you.

Let's Connect arrow_forward

Close

Enter Your Information To Request The Offering Memorandum

Industry Role
Close

We are ready to assist you.

Please fill out the form and we will be in touch shortly.

By providing a telephone number and submitting the form you are consenting to be contacted by SMS text message. If you wish to initiate inbound SMS text messages, please contact your individual broker for their direct number. Message and data rates may apply. Reply STOP to opt out of further messaging. Blue West Capital, LLC may use text messaging for client communications only and does not use text messaging for marketing or promotional matters. Please see Privacy Policy for further information.

Contact Information

400 S. Colorado Blvd | Suite 590
Denver, CO 80246

info@BlueWestCapital.com

720-989-1031