1589 Sumner StHartford, WI 53027

Property Details for 1589 Sumner St

Year built

2013

Property size (Sq ft)

16,399 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

Description

This exceptional investment opportunity presents a 16,399-square-foot freestanding Aldi grocery store located at 1589 E Sumner St, Hartford, WI 53027. The property is a single-tenant, net-leased (NNN) condo interest with a highly desirable Aldi tenant, a dominant brand in the grocery sector. The current lease, commencing December 1, 2013, and expiring August 31, 2030, has approximately 5.8 years remaining on the initial term, followed by four 5-year renewal options with a 5% rent increase every five years during those option periods. The property boasts a 7.00% cap rate and a strong net operating income (NOI) of $171,042. Built in 2013, this single-story building enjoys 100% occupancy and benefits from its prime location within the Hartford Centre, a major retail corridor with high visibility and traffic (22,900 vehicles per day). The property's strategic placement near other national retailers, including Starbucks, McDonald's, and multiple hotels, further enhances its value. An early lease extension option was exercised in 2019, demonstrating the tenant's long-term commitment. The asking price is $2,443,000, translating to $148.97 per square foot. This investment offers a compelling combination of a strong tenant, a long-term lease, and a prime location, making it an attractive addition to any portfolio. The property also includes an expansion option adding 2,709 square feet to the Aldi space. Data indicates significant foot traffic, with over 5,800 average weekly visits. The property is free and clear of debt.

Location Insight

City

Hartford

County

Washington

State

Wisconsin

Latitude

43.3166

Longitude

-88.3501

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].