For Sale
$6,400,000

3003 Airport Rd La Crosse, WI 54603

High-Yield, Net-Leased Amazon Property

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a single-tenant, 66,493 square foot industrial warehouse fully leased to Amazon.com, Inc. (S&P AA rated) under a Net Lease (NNN) agreement. Located at 3003 Airport Rd, La Crosse, WI 54603, this property boasts a prime location adjacent to the La Crosse Regional Airport. The building, constructed in 1988 and extensively renovated in 2021, features 13 dock-high doors and is currently 100% occupied. The lease includes annual rent bumps and features an original 66-month term with four 5-year renewal options. Amazon has invested approximately $12 million in this facility, which serves as a key delivery station employing roughly 120 people and handling both small parcel and heavy/bulk packages. The property offers a compelling 6.49% cap rate with a Net Operating Income (NOI) of $415,637 and an asking price of $6,400,000 ($96.25/sq ft). This represents a secure, high-yield investment with a credit-rated tenant in a strategically important location. The single-story building provides efficient operations for Amazon's last-mile delivery network. This is a rare opportunity to acquire a high-quality, net-leased industrial asset backed by a blue-chip tenant.

Highlights

  • Amazon-leased industrial warehouse, investment-grade tenant (S&P AA).
  • Single-tenant, fully-leased industrial building occupied by Amazon.com.
  • NNN lease with built-in annual rent increases.
  • Long-term lease: 66 months initial term with four 5-year renewal options.
  • Significant tenant improvements: $12 million investment by Amazon.
  • Excellent location near La Crosse Regional Airport.

Property Details for 3003 Airport Rd

Property type
Warehouses, Industrial properties
Square Feet
66,493 SF
Year Built/Renovated
1988/2021
Buildings
1
Stories
1

Location Insight

City
La Crosse
County
La Crosse
State
Wisconsin
Latitude
43.87798654
Longitude
-91.26666671

FAQs

What type of property is this?
Warehouse - High-Yield, Net-Leased Amazon Property
Where is the warehouse located?
The property is located at 3003 Airport Rd La Crosse, WI.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: Amazon-leased industrial warehouse, investment-grade tenant (S&P AA).; Single-tenant, fully-leased industrial building occupied by Amazon.com.; NNN lease with built-in annual rent increases.
How can I contact the broker?
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3003 Airport Rd
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