Shopko Hometown Cresco, Iowa

$2,060,000
Closed Single-Tenant
Property type: Single-Tenant Net Lease

The space

  • Price: $2,060,000
  • Rentable SF: 31,500
  • Price PSF: $65.39
  • Annual Rent: $175,000
  • Land Area: 3.04 Acres
  • Year Built: 2010
  • Lease Type: NN
  • Lease Term: 15 Years
  • Option Periods: 2, 5-Year Options
  • Rental Increases: 3% in 2021 Then 5% Every 5 Yrs

Description

22422 IA-9
Cresco, IA 52136

Investment Highlights

  • 15-Year, Double Net Lease
  • 2, 5-Year Renewal Options with 3% Increases in 2021 and 5% Every 5 Years Following
  • Minimal Local Competition – Nearest Shopko Hometown is 30 mi. Away, Walmart is 20
  • Shopko Stores Operating Co., LLC is a $3 billion retailer
  • Shopko Stores Operating Co., LLC Operates Over 363 Stores in 24 States

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