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ALDI at Hartford Centre 1589 E Sumner St

16,399 SF Retail Building Hartford, WI 53027 $2,443,000 ($149/SF) 7% Cap Rate

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Investment Highlights

Free & Clear of Debt
Long-Term Lease with Limited Landlord Responsibilities
80% More Annualized Foot Traffic From March to July 2024, Per Placer.ai

Condo Interest is Being Conveyed
Early Lease Extension Option Exercised in 2019, Proving Long-Term Commitment to the Site
Expansion Option Adds 2,709 SqFt to ALDI Space

Executive Summary

The subject property is a 16,399 SF freestanding condo interest ALDI. The site is the anchor tenant within Hartford Centre and is located in one of the main retail corridors in Hartford, WI. ALDI is near several national retailers such as Starbucks, McDonald’s, Jimmy John’s, Kwik Trip, Anytime Fitness, Super 8, Wyndham, and more. ALDI has excellent visibility and great access on E Sumner St with 22,900 VPD and is directly adjacent to multiple hotels with over 75+ rooms.
This is a long-term lease with limited landlord responsibilities with an early lease extension option exercised in 2019, proving a long-term commitment to the site. There are ±6 years remaining on the initial term, four 5-year renewal options, and 5% increase every 5 years in option periods.
The tenant is a privately owned company with over 2,000+ stores and a dominant brand with over 40MM customers each month.
Watch Property Video: https://vimeo.com/847762565

OM_ALDI (Hartford, WI)

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Supermarket

Building Size

16,399 SF

Building Class

Year Built

2013

Price

$2,443,000

Price Per SF

$149

Cap Rate

NOI

$171,042

Tenancy

Single

Building Height

1 Story

Zoning

MAJOR TENANTS

Retailer
16,399 SF
-
Aug 2030

Aldi was founded in 1946 by brothers Karl and Theo Albrecht as a small shop in a German suburb. The name was originally "Albrecht Discount", but was shortened to ALDI in 1962. They hand-select and curate high-quality products for people and their family that meet or exceed the national brands in taste, quality and, of course, price. They also partner with a wide variety of local farmers to offer an array of fresh, in-season produce including organic fruits and vegetables. From USDA Choice meats to gluten-free and organic foods, they are committed to bringing them the highest quality products at considerably lower prices than other grocery stores.

Tenant	Industry	SF OCCUPIED	RENT/SF			Lease End
	Retailer	16,399 SF	-			Aug 2030

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