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4107 Mormon Coulee Rd
La Crosse, WI 54601
Caribou Coffee "Cabin" La Crosse | Wisconsin · Retail Property For Sale
Investment Highlights
- New Drive-Thru Small Format “Cabin” Concept - This site is Caribou Coffee’s “Cabin” concept, featuring the new drive-up and walkup only format.
- Primary Thoroughfare - Property is located in the primary U.S. Route 14 retail corridor and is surrounded by national tenant traffic drivers.
- Dominant Regional Coffee Brand - Minnesota/Wisconsin has the highest concentration of Caribou locations nationally.
- 10-Year Lease - Caribou Coffee signed a 10 year lease commencing in July of 2021, and has 5 years of term remaining.
- Panera Bread Merger - In the fall of 2021, Caribou Coffee merged with Panera Bread and Einstein Bros. Bagels to form Panera Brands.
- Property is Located Near US-14 - This location capitalizes on high traffic flow next to US-14 with nearly 24,700 VPD by the subject property.
Executive Summary
This site is Caribou Coffee’s “Cabin” concept, featuring the new drive-up and walkup only format. Caribou has aggressively expanded its store count with multiple new “Cabin” locations throughout the Midwest.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
605 SF
Building Class
C
Year Built
2022
Price
$1,240,000
Price Per SF
$2,049.59
Cap Rate
7.50%
NOI
$93,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.67 AC
Zoning
GC - General Commercial
Parking
16 Spaces (26.45 Spaces per 1,000 SF Leased)
Frontage
66’ on Mormon Coulee Road
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Drive Thru
Property Taxes
| Parcel Number | 017-050181-120 | Improvements Assessment | $413,200 |
| Land Assessment | $235,000 | Total Assessment | $648,200 |
Property Taxes
Parcel Number
017-050181-120
Land Assessment
$235,000
Improvements Assessment
$413,200
Total Assessment
$648,200
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