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Raising Cane's | New 15yr Corp Abs NNN 3740 Wi 16 3,036 SF Retail Building La Crosse, WI 54601 $2,800,000 ($922.27/SF) 4.82% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 15-Year Deal | Scheduled Rental Increases | Brand New Construction | Established Brand
- Outparcel to Valley View Mall (598,000+ SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Hospital & Schools
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
- Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
- Located Along State Hwy 16 (42,500 VPD) | Interstate 90 (41,500 VPD) | Excellent Visibility
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN leased, Raising Cane’s investment property located in Onalaska, Wisconsin (La Crosse MSA). The tenant, Raising Cane’s Restaurants, LLC recently signed a brand new 15 year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Raising Cane’s is one of the fastest-growing restaurant brands, with 800+ Restaurants in 40+ states, and plans to open 100 new Restaurants across several new markets in 2024.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,036 SF
Building Class
B
Year Built
2025
Price
$2,800,000
Price Per SF
$922.27
Cap Rate
4.82%
NOI
$135,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.92 AC
Zoning
GC - General Commercial
Parking
40 Spaces (13.18 Spaces per 1,000 SF Leased)
Frontage
154’ on Interstate 90 Alternate
AMENITIES
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Raising Cane's
- Accommodation and Food Services
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Raising Cane's | Accommodation and Food Services | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 017-010315-200 | Improvements Assessment | $1,682,500 |
| Land Assessment | $2,827,800 | Total Assessment | $4,510,300 |
PROPERTY TAXES
Parcel Number
017-010315-200
Land Assessment
$2,827,800
Improvements Assessment
$1,682,500
Total Assessment
$4,510,300
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Raising Cane's | New 15yr Corp Abs NNN | 3740 Wi 16
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