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Famous Dave's 3055 State Road 16 3,791 SF Retail Building La Crosse, WI 54601 $1,999,999 ($527.57/SF) 6.41% Cap Rate

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INVESTMENT HIGHLIGHTS

Seller financing/Owner financing available with 35% down payment and 5% interest on remaining balance.

EXECUTIVE SUMMARY

Seller financing available with 35% down payment and remaining balance at 5% interest! Good luck finding that kind of rate at a bank right now! Prime opportunity to own highly desired real estate right along Highway 16. Own a turnkey building with a rock solid national tenant that has been a pillar restaurant in the community for decades. Modified lease in place and priced at a 6.4 cap rate. Tenant responsible for ALL expenses except property taxes. Lease with current tenant runs through February 2027 which allows landlord to adjust monthly rent to account for property taxes, which would increase property to 7.4 cap! Over .75 acre lot with excellent visibility off of HWY 16 and tons of parking. Don't miss out on this investment opportunity!

Famous Dave's MLS

FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access	ANNUAL	ANNUAL PER SF
Gross Rental Income	-	-
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	-	-
Net Operating Income	$99,999	$9.99

FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access

Gross Rental Income
Annual	-
Annual Per SF	-

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	-
Annual Per SF	-

Net Operating Income
Annual	$99,999
Annual Per SF	$9.99

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Restaurant

Building Size

3,791 SF

Year Built

1982

Price

$1,999,999

Price Per SF

$527.57

Cap Rate

6.41%

NOI

$128,282

Tenancy

Single

Building Height

1 Story

Building FAR

0.11

Lot Size

0.77 AC

Zoning

MZA

Parking

30 Spaces (7.91 Spaces per 1,000 SF Leased)

Accommodation and Food Services
99,999 SF
-
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Famous Dave’s of America was founded in June 1994 by pitmaster Dave Anderson in Hayward, Wisconsin. The company went public in 1996 under the ticker DAVE and later became part of its parent BBQ Holdings, before being acquired by MTY Food Group in 2022. Headquartered in Minnetonka, Minnesota, the business operates a network of approximately 180 barbecue restaurants across the U.S. and select international locations, offering smoked meats, ribs, sandwiches, and catering services. In 2011, founder Dave Anderson appeared on a Food Network barbecue competition, reflecting the brand’s culinary recognition. It remains a public company, now a subsidiary of BBQ Holdings, trading on NASDAQ under DAVE.