INVESTMENT OVERVIEW:
Price: $5,587,097
CAP Rate: 7.75%
NOI: $433,000
Building Size: 75,063
Year Built:1984
INVESTMENT HIGHLIGHTS:
- 100% Fee Simple Interest
- Absolute NNN Lease
- Annual Increases
- Strong Store Sales
- Zero Landlord Obligations
PROPERTY INFORMATION:
The subject property is a 75,063 square foot Shopko located in Fort Atkinson, Wisconsin. The property features excellent exposure being located off of State Highway 26. 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.
LOCATION INFORMATION:
Fort Atkinson is a city in Jefferson County, Wisconsin, United States. It is located on the Rock River, a few miles upstream from Lake Koshkonong. The city’s largest employer is Fort HealthCare, an integrated hospital and health system. Fort Atkinson Memorial Hospital has 82 licensed beds and more than 100 physicians on staff; Fort Medical Group, a subsidiary of Fort HealthCare, employs more than 60 physicians, nurse practitioners, and other healthcare providers. The city is also home to Cygnus Business Media, NASCO, Spacesaver and Jones Dairy Farm.
