Triple net leased single te

1. NET LEASED INVESTMENT OFFERING
Shopko
2320 Lineville Road
Green Bay, WI 54313
www.bouldergroup.com

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

3. CONFIDENTIALITY & DISCLAIMER
NET LEASED INVESTMENT OFFERING
CONFIDENTIALITY
CONFIDENTIALITY & DISCLAIMER
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.
www.bouldergroup.com

4. EXECUTIVE SUMMARY
NET LEASED INVESTMENT OFFERING
EXECUTIVE SUMMARY
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Shopko property located in Green
Bay, Wisconsin. The long term lease features rental escalations in the primary term and the property features a drive thru
pharmacy on location. Shopko is a chain of 136 retail stores that provides quality name-brand merchandise along with
pharmacy and optical services.
The 80,000 square foot property was built in 2009 and has over 16 years remaining on the primary term of the lease. The
property is located within Urban Edge, a mixed use development featuring a Festival Foods grocery store and 62,000
square feet of office and retail. Other retailers in Urban Edge include Dollar Tree, Verizon, Fantastic Sam’s, Pioneer Credit
Union and Papa Murphy’s. Urban Edge is also home to a Country Inn & Suites, the Suamico Ale House & Pro Bowl and the
Suamico Banquet and Conference Center. The property is located along Lineville Road, which has a full access
interchange with Highway 41 approximately one and one-half miles from the property. Highway 41 is the primary north-
south thoroughfare in the area and has traffic volumes of 39,000 vehicles per day.
Shopko’s original lease term was for 20 years and the lease expires in February 2029. 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 Green Bay MSA
• Long term lease with over 16 years remaining
• 10% rental escalation in the primary term of the lease
• Located within a mixed use development featuring Festival
Foods
• Close proximity to Highway 41 (39,000 VPD)
• Average household income approximately $80,000 within one
mile of the property
• Drive thru pharmacy on site
www.bouldergroup.com

5. PROPERTY OVERVIEW
NET LEASED INVESTMENT OFFERING
PROPERTY OVERVIEW
Price: $9,026,222
Cap Rate: 8.10%
Rent Schedule: NOI Escalation Date
$ 731,124
$ 804,236 2/4/2019
$ 884,660 2/4/2029 (Option 1)
$ 973,126 2/4/2034 (Option 2)
$ 1,070,439 2/4/2039 (Option 3)
$ 1,177,483 2/4/2044 (Option 4)
Renewal Options: Four 5-Year with escalations
Lease Commencement Date: February 4, 2009
Lease Expiration Date: February 3, 2029
Year Built: 2009
Tenant: Shopko
Lease Type: NN
Rentable Square Feet: 80,000 SF
Land Size: 8.00 acres
www.bouldergroup.com

6. AERIAL
NET LEASED INVESTMENT OFFERING
AERIAL
www.bouldergroup.com

7. MAP
NET LEASED INVESTMENT OFFERING
MAP
www.bouldergroup.com

8. TENANT PROFILE
NET LEASED INVESTMENT OFFERING
TENANT PROFILE
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
www.bouldergroup.com

9. DEMOGRAPHIC COMPARISON REPORT
NET LEASED INVESTMENT OFFERING
DEMOGRAPHIC COMPARISON REPORT
Population 3-mi. 5-mi 10-
10-mi
Total Population 19,238 45,910 190,034
Total Households 6,938 18,625 76,541
Income
Median Household Income $73,028 $62,849 $57,801
Average Household Income $78,699 $69,933 $65,263
www.bouldergroup.com

10. LOCATION OVERVIEW
NET LEASED INVESTMENT OFFERING
LOCATION OVERVIEW
Green Bay is located in Brown County, Wisconsin. At the time of the 2010 U.S.
Census, Green Bay had a population of 104,057. Green Bay is the third-largest city in
the state of Wisconsin, after Milwaukee and Madison. It is also the third-largest city
on the west shore of Lake Michigan, after Chicago and Milwaukee. Green Bay is
home to the Green Bay Packers. Green Bay is the principal city of the Green Bay MSA
and at the time of the 2010 U.S. Census, the Green Bay MSA had population of
306,241.
The largest employers in Green Bay include Humana (3,091 employees), Oneida
Tribe of Indians (2,916), Schneider National Inc. (2,818), Bellin Health (2,323),
Georgia-Pacific Corp. (2,300), United Health Group (1,867), Aurora Health Care
(1,709), St. Vincent Hospital (1,636), American Foods Group (1,503) and Shopko
Stores, Inc. (1,297)
http://www.greenbay.com/
www.bouldergroup.com

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