Boulder Arranges $2.3 Million Sale of Net-Leased Property in Wisconsin

Ellsworth, Wis. – Shopko Hometown is the sole occupant of the building and has 10 years remaining on the lease, which features three five-year renewal option periods.

Ellsworth, Wis. – The Boulder Group has arranged the $2.3 million sale of a 32,100-square-foot, single-tenant, net-leased retail building in Ellsworth, located 50 miles southwest of Minneapolis. Shopko Hometown is the sole occupant of the building. The retailer has 10 years remaining on the lease, which features three five-year renewal option periods. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Midwest-based developer. The buyer was a private investor from Wisconsin completing a 1031 tax-deferred exchange. Shopko is a privately held company with annual sales of approximately $3 billion. The retail brand operates approximately 330 stores located in 21 states. 

Danielle Everson

 

 

 

 

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