22422 Highway 9
Cresco, IA 52136
Shopko Hometown Cresco IA · Retail Property For Sale

The subject property is a freestanding, 31,500-square foot building, occupied by Shopko Hometown. located in Cresco, IA. The property sits just Iowa Highway 9 which is the most northern of Iowa's east–west highways, traversing the entire northern tier of counties. The property benefits from minimal local competition, and the nearest Shopko Hometown located over 30 miles away. This store was originally opened as an Alco but was remodeled and converted into a Shopko Hometown. The tenant is operating under a 15-year NNN lease with landlord responsibilities limited to the Foundation, exterior walls and the roof and structural components of Building. ShopKo’s Current rent rate is well below the average for Shopko, at just $5.55 per square foot. There is a rental increase of 3% in 2021 and a 5% increase every five years after that. Shopko is a $3 billion retailer that operates over 330 stores in 21 states throughout the Midwest, Mountain, North Central and Pacific Northwest regions. They provide quality name-brand merchandise, great values, pharmacy and optical services in small to mid-sized cities. Headquartered in Green Bay, Wisconsin, Shopko Stores is a $3 billion retailer that operates over 363 stores in 24 states throughout the Central, Western and Pacific Northwest. Retail formats include 131 Shopko stores; 222 Shopko Hometown locations; five Shopko Express Rx stores, a convenient neighborhood drugstore concept; and five Shopko Pharmacy locations.