This document provides information on a net leased Shopko property located in Council Bluffs, IA. Key details include: - The property has a long-term lease with Shopko with over 17 years remaining and features a 10% rental escalation. - It is located less than 3 miles from downtown Omaha along Interstate 80 which sees over 100,000 vehicles per day. - Nearby attractions include casinos, an arena and convention center, retailers like Bass Pro Shops and a movie theater.

1. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Shopko
3271 Market Place Drive
Council Bluffs, IA 51501 (Omaha MSA)

2. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
1) Confidentiality & Disclaimer
2) Executive Summary
3) Property Overview
4) Aerial
5) Site Plan
6) Maps
7) Tenant Profile
8) Demographic Comparison Report
9) Location Overview
10) Contact Information
TABLE OF CONTENTS
TABLE OF CONTENTS

3. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
The information contained in the following Offering Memorandum is proprietary and strictly confidential. It is intended to be
reviewed only by the party receiving it from The Boulder Group and should not be made available to any other person or entity
without the written consent of The Boulder Group. This Offering Memorandum has been prepared to provide summary,
unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property.
The information contained herein is not a substitute for a thorough due diligence investigation. The Boulder Group has not
made any investigation, and makes no warranty or representation. The information contained in this Offering Memorandum
has been obtained from sources we believe to be reliable; however, The Boulder Group has not verified, and will not verify,
any of the information contained herein, nor has The Boulder Group conducted any investigation regarding these matters
and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided.
All potential buyers must take appropriate measures to verify all of the information set forth herein.
CONFIDENTIALITY & DISCLAIMER
CONFIDENTITALITY & DISCLAIMER

4. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Shopko property located in
the Omaha MSA. The property is located less than three miles from downtown Omaha and benefits from a trade
area population in excess of 248,000. Shopko has a long term lease with 17 years remaining that features a 10%
rental escalation in the primary term. Shopko is a chain of 136 retail stores that provides quality name-brand
merchandise along with pharmacy and optical services.
The property is located adjacent to a multi-tenant shopping center, directly off Interstate 80, less than three miles
from downtown Omaha. Interstate 80 experiences traffic volumes in excess of 100,000 vehicles per day. The
property is located within The Marketplace, a shopping center featuring JCPenney, Shoe Carnival, Petco, Texas
Roadhouse, Culvers and Verizon Wireless.
Additionally, less than one half mile from the property is a primary tourist and retail destination anchored by the
Mid-America Convention Center. The area is home to several casinos including Horseshoe, Harrah’s, Ameristar
Casino and numerous hotels. The Mid-America Center is an 8,000 seat arena and convention center. The center
is the home of the Iowa Blackhawks (Arena Football League team), and hosts concerts for several national
recognized performers. Other retailers in the immediate area include Bass Pro Shops, Camping World, and
an AMC Star 17 screen movie theater. Additionally, Wal-Mart Supercenter, Sam’s Club, Home Depot, Best Buy,
Menards and Gordmans are located less than two miles east of the property along with Metro Crossing, a shopping
center anchored by Target, Hobby Lobby, Kohl’s, Bed Bath and Beyond and T.J Maxx.
Shopko’s original lease term was for 20 years and the lease expires in January 2030. The lease features a 10%
rental escalation in 2019 as well as four 5-year renewal options at escalated rents. Shopko is a privately-held
company with a 136 locations in 13 states.
INVESTMENT HIGHLIGHTS
• Located within the Omaha MSA
• Long term lease with over 17 years remaining
• 10% rental escalation in the primary term of the lease
• Directly off Interstate 80 (100,000 VPD)
• One-half mile from Mid-America Center (8,000 seat arena
and convention center), Horseshoe Casino, Harrah’s Casino,
Ameristar Casino and several hotels
• Nearby retailers include Bass Pro Shops, Camping World, and an AMC Star 17 screen movie theater
• Close proximity to Wal-Mart Supercenter, Sam’s Club, Home Depot and Target
EXECUTIVE SUMMARY
EXECUTIVE SUMMARY

5. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Price: $8,021,261
Cap Rate: 8.40%
Rent Schedule: NOI Escalation Date
$673,786
$741,165 02/27/19
$815,281 02/01/30 (Option 1)
$896,809 02/01/35 (Option 2)
$986,490 02/01/40 (Option 3)
$1,085,139 02/01/45 (Option 4)
Renewal Options: Four 5-year
Lease Commencement Date: February 27, 2009
Lease Expiration Date: January 31, 2030
Tenant: Shopko
Year Built: 2009
Lease Type: NN
Rentable Square Feet: 80,000
Land Size: 6.10 acres
PROPERTY OVERVIEW
PROPERTY OVERVIEW

6. NET LEASED INVESTMENT OFFERING
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AERIAL
AERIAL
S.24THSTREET
100,000 VPD
80
29

7. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
SITE PLAN
SITE PLAN
34thSAVENUE
MARKETPLACEDR.
24th STREET
80

8. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
SITE
SITE
MAPS
MAPS

9. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
Shopko is a chain of retail stores based in Green Bay, Wisconsin. Shopko operates 136 stores located in 13 states
and generates annual sales of approximately $2.2 billion. Shopko provides quality name-brand merchandise,
great values, pharmacy and optical services in small to mid-sized cities. In December 2005, the company was
acquired by an affiliate of Sun Capital Partners. In 1999, Shopko purchased Pamida, a regional discount chain
that operated mainly in smaller communities of 3,000 to 8,000 people. Shopko operated Pamida as a separate
division until 2007, however in 2012, Shopko and Pamida merged into one company with most Pamida stores
becoming Shopko Hometown stores.
Shopko operates under three different brands; Shopko, Shopko Express and Shopko Hometown. Shopko Express
is a chain of pharmacies that carry a limited selection of general merchandise, groceries, beer, wine, health and
beauty supplies, and over-the-counter medicines. Shopko Hometown, is Shopko’s newest concept which is 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. In addition to the multiple brands Shopko operates under Shopko, in 1999,
signed a contract with Payless Shoes to lease the chain floorspace within Shopko stores.
Sun Capital Partners, Inc. is a leading private investment firm focused on leveraged buyouts, equity, debt, and
other investments in market-leading companies that can benefit from its in-house operating professionals and
experience. Sun Capital affiliates have invested in and managed more than 165 companies worldwide with
combined sales in excess of $35.0 billion since Sun Capital’s inception in 1995. Sun Capital has offices in Boca
Raton, Los Angeles, and New York, and affiliates with offices in London, Tokyo, and Shenzhen, China.
Website: www.shopko.com
Number of Locations: 136
State Locations: 13
Standard & Poor’s Rating: Private
Employees: 16,000
TENANT PROFILE
TENANT PROFILE

10. NET LEASED INVESTMENT OFFERING
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Population 3-mi 5-mi 7-mi
Total Population 45,223 145,651 269,264
Total Households 17,771 54,100 102,900
Income
Median Household Income $37,090 $35,732 $36,762
Average Household Income $47,331 $48,149 $49,589
DEMOGRAPHIC COMPARISON REPORT
DEMOGRAPHIC COMPARISON REPORT

11. NET LEASED INVESTMENT OFFERING
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Council Bluffs is located in Southwest Iowa on the banks of the Missouri River in Pottawattamie
County. Pottawattamie County is part of the Omaha metropolitan area which is ranked as the 60th
largest metropolitan area in the United States. At the time of the 2010 U.S. Census, Council Bluffs
had a population of 62,230 and the Omaha-Council Bluffs metropolitan area had a population of
865,350. The Council Bluffs economy is benefitted by the casino gaming industry. Council Bluffs
is has the 19th largest Casino market in the United States, with revenue reaching nearly $435
million. Casinos in Council Bluffs include Ameristar Casino Hotel Council Bluffs, Harrah’s and Horseshoe. Council
Bluffs also has a large manufacturing presence and Tyson Foods, Con-Agra, Grundorf, American Games and Omaha
Standard all have manufacturing plants in the city.
www.councilbluffs-ia.org
Omaha is the largest city in the state of Nebraska and is the county seat of Douglas County. At the
time of the 2011 U.S. Census, Omaha had a population of 415,068 making it the 42nd largest city
in the U.S. Omaha has a thriving economy and according to USA Today, Omaha ranks eighth among
the nation’s 50 largest cities in both per-capita billionaires and Fortune 500 companies. Fortune
500 companies headquartered in Omaha include ConAgra Foods, Union Pacific Corporation,
Mutual of Omaha, Kiewit Corporation and Berkshire Hathaway. In 2009, Forbes identified Omaha as the nation’s
number one “Best Bang-For-The Buck City” and number one on “America’s Fastest-Recovering Cities” lists.
Omaha has been a tourist destination for many years and attractions include history, sports, outdoors and cultural
experiences. Its primary attractions are the Henry Doorly Zoo, the College World Series and The Old Market in
downtown Omaha. Henry Doorly Zoo is considered one of the premier zoos in the world. The zoo is home to the
world’s largest nocturnal exhibit and indoor swamp, indoor rainforest, desert and the largest geodesic dome.
www.cityofomaha.org
LOCATION OVERVIEW
LOCATION OVERVIEW

12. NET LEASED INVESTMENT OFFERING
www.bouldergroup.com
666 Dundee Road, Suite 1801
Northbrook, IL 60062
Randy Blankstein
President
847.562.0003
rblank@bouldergroup.com
Jimmy Goodman
Partner
847.562.8500
jimmy@bouldergroup.com
CONTACT INFORMATION
CONTACT INFORMATION