- Less Than 15 Miles From Shopko Headquarters
- 15 Year Double Net Lease (11+ Years Remaining)
- 2% Annual Increases
- Four - Five Year Options To Extend
- Corporately Guaranteed By Strong Private Company
- Ideal Demographics For New Shopko Hometown Concept
- Newer 2010 Construction - Developed For Shopko Hometown
This Investment consists of a 35,674 square foot Single Tenant building leased to Shopko doing business as Shopko Hometown. The building was recently built back in 2010 as a built to suit for Shopko Hometown. Shopko Hometown is the newest concept by Shopko aimed at smaller communities ranging from 3,000 to 8,000 in population, and carry about 70% of the merchandise carried at Shopko's larger stores. The lease is a new 15 year term with over 11 years remaining, structured as NN lease whereas the Tenant is responsible for CAM, Taxes, & Insurance (Landlord responsible for Parking lot replacement, landlord insurance, roof and structure). Shopko is a private company owned and operated by Sun Capital. Shopko is headquartered in Green Bay, Wisconsin less than 15 miles east of the subject property. Shopko has 330+ locations across 21 States.
Shopko Hometown is located next to other great retailers such as Family Dollar, McDonald's, Dairy Queen, USPS, Dollar General, Mobil, Kwik Trip and Shell. Seymour is a city in Outagamie County, Wisconsin. The population was 3,451 at the 2010 census. Within five miles of the subject property there are over 7,400 residents with an average household income of $66,613.