301 Mantorville Ave S
Kasson, MN 55944

Marcus & Millichap, on behalf of ownership, is pleased to exclusively offer the fee simple interest in this Shopko Hometown located in Kasson, Minnesota. The tenant originally opened at this location in 2014, signing a 15-year NN lease requiring minimal landlord responsibilities. There are presently 11.5 years of lease term remaining with scheduled rental increases of four percent (4%) every five years during the base term and option periods. Shopko is a $3.25 billion retailer that operates over 357 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. The subject property is a freestanding, 36,000-square foot building situated just off Highways 57 and 14, the major thoroughfares through the city, and collectively responsible for nearly 30,000 vehicles per day. The subject property is well posited at the corner of Mantorville Avenue and 4th Street with prominent frontage and visibility. It also benefits from easy access from the highway, its location within walking distance to the center of town, and minimal local competition. The nearest Walmart, a notable competitor, is more than 15 miles east of the subject. The City of Kasson sits just 13 miles from Rochester, Minnesota, home to the world-renowned Mayo Clinic. Due to its proximity, Kasson has experienced substantial growth, averaging 34% increases every decade for the past 40 years. Kasson currently has a population of roughly 8,200 residents within three miles of the subject property.