Net Leased Shopko Property Profile and Cap Rates Date March 28, 2017
Net Leased Shopko – Typical Property and Lease Terms
|Price Range:||$2M - $5M|
|Cap Rate:||7.25% - 7.75%|
|Net Income:||$150,000 - $750,000|
|Price Per foot:||$75 PSF - $150 PSF|
|Building Size:||25,000 SF - 35,000 SF|
|Lot Size:||2.5 Acres - 4 Acres|
|Escalations:||3% Every 5-Years|
|Lease Term:||15 Years|
Tenant Company Information:
Shopko Stores Operating Co., LLC operates a chain of general merchandise stores in the United States. Its stores comprise jewelry and watches, home, kitchen and dining, furniture, electronics, toys, sports and team shop, health and beauty, and patio and seasonal departments; clothing and accessories for men, women, kids, and babies, as well as nursery furniture. The company’s stores also include in-store pharmacies and optical centers. It also serves customers online. Shopko Stores Operating Co., LLC was formerly known as ShopKo Stores, Inc. The company was founded in 1962 and is headquartered in Green Bay, Wisconsin. It has distribution centers in DePere, Wisconsin; Boise, Idaho; Omaha, Nebraska; and Lebanon, Indiana.
Shopko operates 363 stores in 24 states throughout the Central, Western and Pacific Northwest regions. Retail formats include 131 Shopko stores, providing quality name-brand merchandise, great values, pharmacy and optical services in small to mid-sized cities; 5 Shopko Express Rx stores, a convenient neighborhood drugstore concept; 5 Shopko Pharmacy locations; and 222 Shopko Hometown stores, a smaller concept store developed to meet the needs of smaller communities.
|Number of Locations:||360+|
|Number of Employees:||16,900|
|Headquarters:||Green Bay, Wisconsin|