1847 Egg Harbor Rd, Sturgeon Bay, WI 54235 For Sale

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Pick ‘n Save located in Sturgeon Bay, Wisconsin. The tenant has operated at this location since 1990 and recently executed a new 10-year lease extension through 2035, featuring 5% rental escalations every five years and six 5-year renewal options, along with a corporate guaranty. This location produces strong sales performance, further supported by a recently completed capital remodel that expanded the grocery and liquor departments and installed new refrigeration systems—clear signals of Kroger’s long-term commitment to the site. Pick ‘n Save is a wholly owned subsidiary of The Kroger Company (NYSE: KR), an investment-grade public company (S&P: BBB).

The 41,850 square-foot building sits along Sturgeon Bay’s primary retail corridor on Egg Harbor Road at the junction of State Road 42/57, serving as the last major commercial node and natural provisioning stop before entering the Door Peninsula resort corridor. It is shadowed by national tenants including Walmart Supercenter, Tractor Supply, T.J. Maxx, CVS, AutoZone, Dunham’s Sports, Ace Hardware, and McDonald’s, while ranking as the #1 performing grocery location within 15 miles (Placer.ai). With average household income exceeding $107,000 within 10 miles and Door County’s $651.2M tourism economy drawing over 2 million visitors in 2024, the site captures strong seasonal and tourist demand as the peninsula’s primary full-service grocer on the main highway. Year-round stability comes from major local employers Fincantieri Bay Shipbuilding (887 employees) and Door County Medical Center (609 employees).

Pick ‘n Save is a prominent supermarket chain operating primarily in Wisconsin, serving as the flagship banner of Roundy’s Supermarkets, Inc. Founded in 1975 with its first store in Milwaukee, Wisconsin, it has grown to become the leading grocery retailer in the Milwaukee metropolitan area and across much of the state, with approximately 77 locations as of early 2026, offering fresh groceries, pharmacy services, and value-driven shopping through weekly ads, digital coupons, pickup, and delivery options. Roundy’s, which traces its roots to 1872, was acquired by The Kroger Company in 2015, making Pick ‘n Save a wholly owned subsidiary of Kroger (NYSE: KR), one of the largest retail grocery companies in the United States.