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Single-Tenant Shopko, Leased Through 2030, Trades in WI

A single-tenant Shopko Hometown store at 406 Gateway Ave. in Mauston, WI, about 70 miles northwest of the state capital, has traded for $3.6 million. Randy Blankstein and Jimmy Goodman of the Boulder Group represented the seller in the transaction; a real estate institution in the Midwest.

The buyer was a private real estate investor, also based in the Midwest, who was able to obtain financing on the property.

There are over 12 years remaining on the Shopko Hometown lease, which expires in October 2030. The lease features 3% rental escalations every five years, and four five-year renewal options.

Constructed in 2015, the 26,395-square-foot store is one of more than 360 that Shopko operates in 24 states throughout the Central, Western and Pacific Northwest regions. The company was founded in 1962, and is headquartered in Green Bay, WI.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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