3976 Mormon Coulee RdLa Crosse, WI 54601
- Retail properties
- 510 SF
Property Details for 3976 Mormon Coulee Rd
- Year built
- 2024
- Lot size
- 0.31 AC
- Property size (Sq ft)
- 510 SF
- Property type
- Retail properties
- Property subtype
- Other retail properties
Description
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.
Location Insight
- City
- La Crosse
- County
- La Crosse
- State
- Wisconsin
- Latitude
- 43.7743
- Longitude
- -91.219
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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