Shopko

4344 Mormon Coulee Rd
La Crosse , WI 54601-7908

Shopko - Retail for sale

Overview


JLL is pleased to offer for sale the fee-simple interest in a single tenant Shopko located in La Crosse, Wisconsin. The Property is leased to Shopko Stores Operating Co., LLC d/b/a Shopko on a long-term, absolute NNN lease basis with a corporate guarantee from Specialty Retail Shops Holding Corporation. The Asset is strategically located with visibility/frontage from U.S. Highway 14/Wisconsin Highway 35/Mormon Coulee Road (26,300 VPD), and located within a larger shopping center with national retailers Dollar Tree, Ace Hardware and Big Lots.

Investment Highlights


• Tenant has over 13 years of remaining lease term with corporate guarantee
• Tenant has been at location for 40 years, since the property was built in 1978
• Absolute NNN lease with no landlord responsibilities
• Asset has visibility from US Highway 14 that has over 26,300 VPD
• Situated within a major retail trade area with other national retailers Walmart, Dollar Tree, Ace Hardware
• In a retail submarket with low market vacancy of 4.5%
• Local daytime population is 41% greater than residential population
General
Property Type Retail
Tenure Type Sale / Purchase
Property Address 4344 Mormon Coulee Rd, La Crosse, WI 54601-7908
Land In Acres 8.08
Building Size 88,161  ft2
Financial
Price $7,679,867
Cap Rate 9.00%
Current NOI $691,188.00
Lease
Tenant's Name SHOPKO STORES OPERATING Company LLC
Lease Type NNN
Annual Rent $691,188.00
Lease Expiration Date 12/31/2031
Remaining Term 12.9Yrs

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