Shopko

5630 St. Croix Trail North Branch, MN 55056

  • 80,000 Square Feet
  • Retail
  • For Sale

Summary Description

We are pleased to offer to qualified investors an opportunity to purchase a fee simple (land and building) single tenant NNN investment that is fully leased to Shopko situated in an irreplaceable location. Enjoying little to zero competition within its trade area, Shopko occupies a 80,000 square foot, best in class retail building situated on approximately 9.8 acres of land. There are approximately 13 years remaining of fixed term with five - 5 year Options. There are 5% rental increases every 5 years during initial term and 10% rental increases at each option period. The next rental increase takes place in October 2018. This is an absolute NNN lease and there are no landlord responsibilities.

Property Status: Single Tenant NNN Investment

Price: $11,650,000.00

Building Size: 80000 Square Feet

Area Available: 80,000 Square Feet

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