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- LoopNet Team
67 Selkirk Way
Oldtown, ID 83822
Shopko Hometown · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Freeway Visibility
ABOUT 67 SELKIRK WAY , OLDTOWN, ID 83822
This investment consists of a 25,860 square foot Single Tenant building on 3.50 acres. The building is currently being built as a build-to-suit for Shopko, doing business as a ShopKo Hometown. Shopko Hometown is the newest concept by Shopko aimed at smaller communities ranging from 3,000 to 8,000 in population, and carry about 70% of the merchandise carried at Shopko's larger stores. The original term is a 15-year lease with four-five year options to extend. Starting at year 11 there is scheduled to be 3 percent rental increases every five years, including during the option terms. The lease is structured as double-net lease whereas the tenant is responsible for common area maintenance & repairs, snow removal, utilities, taxes directly paid, property/liability insurance, parking lot & landscaping maintenance. Landlord is responsible for replacement of the parking lot, general liability insurance, roof, structure and HVAC. Shopko is a private company owned and operated by Sun Capital. Shopko is headquartered in Green Bay, Wisconsin. Shopko has 330+ locations across 21 States. Oldtown is a town in Bonner County, Idaho. Within seven miles of the subject property there are over 9,100 residents with that number projected to increase over the next several years.
