Absolute NNN Lease -Long-term absolute NNN lease with zero landlord responsibilities with an established tenant that operates 40+ locations in Wisconsin. Investors will appreciate the tenant's stability and two remaining 5-year options.Strategic Retail Location -This Festival Foods is located within the primary retail corridor in Portage. The grocery store has a great corner location along U.S. Highway 51 with high daily traffic counts and a signalized intersection. Surrounded by numerous restaurants and retailers including Tractor Supply, Walmart, Walgreens, Runnings, and many others.Established Tenant -Festival Foods, a family-owned company, has a long-standing history in Wisconsin. The grocery chain was recently recognized as the 2023 Top Disability-Friendly Employer in Wisconsin and by the FMI Foundation as a 2023 Gold Plate Award winner for their support of September’s National Family Meals Month movement.Connected Community -Portage is easily accessed by 3 interstates, Interstate 94, Interstate 90, and Interstate 39. With only a 30-minute commute to Madison, Portage serves as an ideal residential hub for the Madison MSA. Furthermore, its strategic location places it within a few hours' reach of prominent urban centers such as Milwaukee, Chicago, and Minneapolis/Saint Paul, Minnesota.Great Market & Demographics -Portage is conveniently located not far from Madison and Wisconsin Dells, is the county seat of Columbia County and is part of the Madison MSA. As the largest city in the county with a population of over 10,500 the community also serves as a shopping hub for the surrounding communities. Portage has had steady ongoing population growth and is expected to continue to grow.
