Acquisition Brings Credit Enhancement – The property is leased to Roundy’s Supermarkets, Inc., who is now a wholly owned subsidiary of Kroger Co., greatly enhancing Roundy’s credit and reducing their overall debt position.
Dominant Grocers in the Region – Pick N Save is the dominant grocer in Southeastern Wisconsin and Roundy’s Supermarkets, Inc. (NYSE: RNDY) has over 150 locations throughout the Midwest.
Long Term Lease with Rent Growth – The 20-year lease (9+ years remaining) features attractive 9% rent increases every 5 years (next increase on 1/1/2020).
Shadow Anchored by Menards – The property is shadow anchored by Menards, a home improvement company with 280 stores located throughout the Midwest.
Strategic Location – The subject property is located in Granville Station, which is home to the most concentrated base of industrial employment in Wisconsin.
Dense Trade Area – Affluent Demographics – There are more than 145,000 people reside within a 5-mile radius of the subject property, with an Average HH Income over $71,000.