For Sale
$1,977,000

3976 Mormon Coulee RdLa Crosse, WI 54601

High-yield NNN retail investment. Strong tenant, great location.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a brand-new, 510-square-foot 7 Brew retail building in La Crosse, Wisconsin. The property boasts a 20-year absolute NNN lease with a 6.75% cap rate and attractive 10% rent bumps every five years, ensuring a stable and growing income stream. The lease extends to December 31, 2044, and includes four five-year renewal options. The building, constructed in 2024, is custom-designed for 7 Brew, featuring a drive-thru and walk-up window, and is situated on a 0.305-acre lot in a high-traffic area. The location benefits from excellent visibility and accessibility at a signalized intersection of Losey Blvd S & US-14, with traffic counts exceeding 39,190 cars per day. This pad site is part of a shopping center anchored by Big Lots and Goodwill, and is surrounded by numerous other national retailers. The property's strong tenant, Brew 4 You LLC, operates two existing locations and has a development agreement for sixteen more within five years, further strengthening the investment's security. The lease is also backed by three personal guarantors. The surrounding area boasts a robust population of 53,754 within a five-mile radius and an average household income of $88,495 within one mile, indicating a strong consumer base. The property's proximity to the University of Wisconsin-La Crosse, Viterbo University, Western Technical College, Gundersen Lutheran Medical Center, and the Mayo Clinic La Crosse further enhances its appeal. This is a fee-simple ownership opportunity (building and land). The property is zoned C. The Net Operating Income (NOI) is $133,416. The asking price is $1,977,000.

Highlights

  • Brand new 20-year Absolute NNN lease with 10% rental escalations every 5 years.
  • 7 Brew Coffee (BREW 4 YOU LLC) tenant with strong ownership and expansion plans (16 additional locations planned), backed by three personal guarantors.
  • Brand new, custom-built 7 Brew building with drive-thru and walk-up window, slated to open December 2024.
  • Excellent location in a high-performing retail corridor with top-tier national retailer performance (Placer.ai data).
  • High-traffic pad site in a Big Lots/Goodwill-anchored center, at a signalized intersection (Losey Blvd S & US-14) with over 39,190 cars per day.
  • Strong demographics: 5-mile population of 53,754 and $88,495 average household income within 1 mile.

Property Details for 3976 Mormon Coulee Rd

Property type
Retail properties, Restaurants
Square Feet
510 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
13,286 SF
Units
1

Location Insight

City
La Crosse
County
La Crosse
State
Wisconsin
Latitude
43.774347196836
Longitude
-91.219044040933
3976 Mormon Coulee Rd, La Crosse, Wisconsin

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3976 Mormon Coulee Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message