311 Hampton Ct
Onalaska, WI 54650
Outback Steakhouse: Onalaska, WI · Retail Property For Sale

CBRE' S NET LEASE PROPERTY GROUP is pleased to exclusively offer a 6,320-square-foot freestanding Outback Steakhouse situated on 1.80 acres in Onalaska, WI which is part of the La Crosse-Onalaska MSA (Population: 136,985). Outback Steakhouse' s new 20-year absolute NNN lease with 1.80% annual rent increases commenced in March 2017. This investment offers investors an excellent opportunity to acquire a net leased asset leased on a long-term NNN basis to one of the nation' s premier casual dining restaurant operators. The property is ideally located on Hampton Court just 7 miles north of Downtown La Crosse with excellent visibility on I-90 (Traffic Count: 32,500 VPD), the area' s primary artery which provides easy access to Minneapolis (160 miles to the northwest). Outback Steakhouse is also strategically positioned immediately adjacent to Hampton Inn (107 rooms), Toys R Us, Dollar Tree, and within a commercial development that also features Walmart Supercenter, the Home Depot and numerous office properties, providing the restaurant with a substantial built-in customer base. With 3.3 MSF of retail and 1.2 MSF of industrial space, Outback is situated within Onalaska' s dominant retail and commercial corridor highlighted by the 598,171-squarefoot Valley View Mall (Anchors: Macy' s, Sears, Herberger' s, J.C. Penney, Barnes & Noble) which is just 1.4 miles south of the site. Other major retailer with a presence in the immediate vicinity including Sam' s Club, Target, Dick' s Sporting Goods, Best Buy, Planet Fitness, Blaine' s Farm and Fleet, Gander Mountain, Kohl' s, Hobby Lobby, Office Depot, Festival Foods, T.J. Maxx, and PetSmart among many others.