Grocery Store
Pick 'n Save (Kroger) - Recent Long-Term Lease Extension
6655 McKee Rd, Madison, WI 53719
Listing Price: $10,943,600
Investment Overview
Pick 'n Save, a subsidiary of The Kroger Co., operates more than 90 grocery stores throughout Wisconsin with approximately 10,000 employees. Pick 'n Save offers a variety of high quality, affordable brands and provides customers with the convenience of placing pickup or delivery orders. The Kroger Co. (NYSE: KR) is headquartered in Cincinnati, Ohio and is one of the world's largest food retailers. The company's fiscal 2021 sales totaled $137.9 billion. Madison is the county seat of Dane County and the capital of Wisconsin. According to 2020 Census data, the city is home to 269,840 residents, making it the second-most populous city in the state, after Milwaukee. The Madison metro is situated in south-central Wisconsin, roughly 80 miles west of Milwaukee, 150 miles northwest of Chicago, and 270 miles southeast of Minneapolis.
Pick 'n Save (Kroger) - Recent Long-Term Lease Extension
Investment Highlights
- Tenant Recently Extended the Lease for 10 Years, Showing Commitment to the Site
- Rental Increases Occurring in Each of Six, Five Year Renewal Options
- Corporate Guaranty by The Kroger Co. (NYSE: KR), One of the World's Largest Food Retailers with Over 2,700 Locations Across 20 Retail Banners
- 140,826 Residents and 62,240 Households Within a Five Mile Radius, Projected to Increase Nearly 6 Percent by 2027
- Average Household Income Exceeds $119,000 Within Five Miles
- Several Points of Access from Maple Grove Drive, Westin Drive, and McKee Road
- Less than Two Miles from Sub-Zero's Main Campus Including 1.5 Million Square Feet of Manufacturing and R&D Space
- Five Minutes from Epic Systems' 1,100-Acre Corporate Campus, Home to a Five-Story State-of-the-Art Event Venue
Exclusively Listed By
Broker of Record
-
Todd Lindblom
First Vice President/Regional Manager
Financing By
Grocery Store
Pick 'n Save (Kroger) - Recent Long-Term Lease Extension
Listing Price: $10,943,600
Investment Highlights
- Tenant Recently Extended the Lease for 10 Years, Showing Commitment to the Site
- Rental Increases Occurring in Each of Six, Five Year Renewal Options
- Corporate Guaranty by The Kroger Co. (NYSE: KR), One of the World's Largest Food Retailers with Over 2,700 Locations Across 20 Retail Banners
- 140,826 Residents and 62,240 Households Within a Five Mile Radius, Projected to Increase Nearly 6 Percent by 2027
- Average Household Income Exceeds $119,000 Within Five Miles
- Several Points of Access from Maple Grove Drive, Westin Drive, and McKee Road
- Less than Two Miles from Sub-Zero's Main Campus Including 1.5 Million Square Feet of Manufacturing and R&D Space
- Five Minutes from Epic Systems' 1,100-Acre Corporate Campus, Home to a Five-Story State-of-the-Art Event Venue
Investment Overview
Pick 'n Save, a subsidiary of The Kroger Co., operates more than 90 grocery stores throughout Wisconsin with approximately 10,000 employees. Pick 'n Save offers a variety of high quality, affordable brands and provides customers with the convenience of placing pickup or delivery orders. The Kroger Co. (NYSE: KR) is headquartered in Cincinnati, Ohio and is one of the world's largest food retailers. The company's fiscal 2021 sales totaled $137.9 billion. Madison is the county seat of Dane County and the capital of Wisconsin. According to 2020 Census data, the city is home to 269,840 residents, making it the second-most populous city in the state, after Milwaukee. The Madison metro is situated in south-central Wisconsin, roughly 80 miles west of Milwaukee, 150 miles northwest of Chicago, and 270 miles southeast of Minneapolis.
Exclusively Listed By
Broker of Record
-
Todd Lindblom
First Vice President/Regional Manager
Financing By
