Chicago & Midwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
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.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
Get Chicago News in 150 Words
