The subject property is a 97,961 square foot Shopko located in Kenosha, Wisconsin. The property features excellent exposure being located off of State Highway 31, the main suburban route passing Racine and Kenosha. The site sits directly across from Roundy’s Supermarket and Big Shu Advantage.
The tenant is subject to a long term absolute net lease with over 14 years remaining on the initial term. There are zero landlord obligations.
CAP RATE: 7.65%
NET OPERATING INCOME: $647,383
YEAR BUILT: 1980
Kenosha is a city in and the county seat of Kenosha County, Wisconsin. Kenosha is on the southwestern shore of Lake Michigan. With an estimated population of 99,889 as of July 1, 2013, it is the fourth-largest city in Wisconsin and the fourth-largest city on Lake Michigan. The city is part of the United States Census Bureau’s Chicago Combined Statistical Area (CSA).