1711 N Walnut St
Hartford City, IN 47348
Retail Property For Sale

Excellent Location – The Property is located along North Walnut Street, the major north-south thoroughfare that runs down Hartford City. North Walnut Street is home to many nationally-branded tenants including Dollar Tree, McDonalds, Burger King, Pizza Hut, CVS Pharmacy, and Subway. The Property offers easy accessibility and prominent signage from the street. 2017 Store Rebranding – In July 2017, Generative Growth II, an entity of Fresh Encounter, purchased 15 stores from the former Marsh portfolio. Of this acquisition, 14 of the former Marsh Supermarkets were rebranded as a Needler’s Fresh Market, including the Property. Needler’s will place added concentration on sourcing local, fresh produce and providing high-quality, in-house bakery and deli products. Fresh Encounter is a successful, third generation family owned grocer which manages 59 retail locations across the Midwest. Ohio-based Generation Growth II owns 25 supermarkets throughout Ohio, Indiana, and Kentucky. Significant In-Place Cash Flow – New ownership will benefit from a steady stream of strong cash flow with minimal oversight efforts due to the nature of the triple net of the lease. Strong, Long-Term Tenancy – In July 2017, Needler’s Fresh Market assumed the previous tenant’s 20 year lease expiring in 2026, providing nearly nine years of cash-flow. Ideal Demographics for Discounted Grocer with Limited Competition – The area’s demographics make Hartford City a prime candidate for a successful low-cost grocery store. Needler’s Fresh Market is only one of two grocery stores in Hartford City and has the ability to capture a large segment of the market. Nearby Amenities – The Building is proximate to ample retail destinations and dining options that run along North Walnut Street and within the surrounding Hartford City. The Property is also proximate to the Blackford County Fairgrounds.