2990-3000 Cahill Main
Madison, WI 53711
Hatchery Hill Towne Center · Retail Property For Sale

Hatchery Hill Towne Center is 95% leased to a diverse tenant line-up consisting of restaurant, service, fitness, medical, and specialty retailers. At 95% leased, Hatchery Hill Town Center allows a buyer to add over $100,000 of income by leasing up the remaining 4,517 square feet of vacant space. A separately parceled 12,696 square foot outparcel occupied by Panera Bread, Verizon Wireless, and MOD Pizza exists at the center. The spinoff of this building would afford a buyer the potential option of creating cap rate arbitrage by exiting the individual component at an attractive yield differential. The shopping center is anchored by a separately owned Pick ‘n Save, which is the market leading grocer in the region. The traditional supermarket chain is a wholly owned subsidiary of The Kroger Company, and provides the center with a dominant major anchor, creating a strong draw for both consumers and other retailers to the property. The upper level of the main strip center contains 18 apartment units consisting of 17,733 square feet. The historically well leased residential portion of the offering will provide investors with a steady boost in income during their hold period. In 2020, the apartments are estimated to generate over $220,000 of rental income.