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7 BREW – LA CROSSE, WI 3976 Mormon Coulee Rd

510 SF Retail Building La Crosse, WI 54601 $1,977,000 ($3,876/SF) 6.75% Cap Rate

Investment Highlights

  • Brand new 20-year Absolute NNN lease with attractive 10% rental escalations every 5 years! PERSONALLY GUARANTEED LEASE!
  • BRAND NEW CONSTRUCTION - A custom-built building designed specifically for 7 Brew, featuring a drive-thru and walk-up window
  • TRAFFIC COUNTS - Pad site to an Big Lots/Goodwill Anchored Shopping Center - Situated just off on a signalized intersection
  • TENANT | GUARANTORS - BREW 4 YOU LLC owns & operates 2 locations with a development agreement to build 16 more locations over the next 5 years!
  • VERY SUCCESSFUL RETAIL CORRIDOR - All nearby retailers rank in the top percentile nationally! (According to Placer.ai)
  • 2023 DEMOGRAPHICS: Total Population (5-MI): 53,754 | Average Household Income (1-MI): $88,495

Executive Summary

7 Brew has a Brand new 20-year Absolute NNN lease with attractive 10% rental escalations every 5 years! The Tenant, BREW 4 YOU LLC, owns & operates 2 locations with a development agreement to build 16 more locations over the next 5 years! The lease is further backed by three Personal Guarantors! It is a custom-built building designed specifically for 7 Brew, featuring a drive-thru and walk-up window - scheduled to open in December 2024 (est. - currently under construction).
The Asset is Pad site to a Big Lots/Goodwill Anchored Shopping Center - Situated just off on a signalized intersection of Losey Blvd S & US-14 with excellent drive-by visibility/access (main North/South thoroughfare in La Crosse) where traffic counts exceed of 39,190 CPD! It is Pad site to a Big Lots/Goodwill Shopping Center; Retailers in La Crosse include Walmart, Ace Hardware, Dollar Tree, Sam’s Club, Menards, Michaels, Old Navy, TJ Maxx/HomeGoods, Barnes & Noble, JCPenney, Joann Fabrics, PetSmart, Office Depot, Harbor Freight, Advanced Auto Parts, AutoZone, Gamestop, Plato’s Closet, Once Upon a Child, Hy-Vee, Festival Foods, and Planet Fitness. 7 Brew is 3.5 miles from University of Wisconsin-La Crosse – a public university offering bachelor’s, master’s and doctoral degrees with a total enrollment of 10,459 (Fall 2024); Less than 3 miles from Viterbo University – a private Catholic university offering academic programs with 2,097 students (Fall 2024); 4 miles from Western Technical College – a public technical college with 3,963 students; 2 miles from Gundersen Lutheran Medical Center – a general & medical surgical hospital with 325 beds; 3 miles from Mayo Clinic La Crosse – a community-focused hospital serving Iowa, Minnesota & Wisconsin with 96 beds.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
510 SF
Building Class
C
Year Built
2024
Price
$1,977,000
Price Per SF
$3,876
Cap Rate
6.75%
NOI
$133,416
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.31 AC
Zoning
C

Amenities

  • Restaurant
  • Signage
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • 7 Brew
  • Accommodation and Food Services
  • -
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
7 Brew Accommodation and Food Services - - -

Nearby Major Retailers

Starbucks
Caribou Coffee
Anytime Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
017-040381-120
Land Assessment
$683,300
Improvements Assessment
$1,072,700
Total Assessment
$1,756,000
  • Listing ID: 33804696

  • Date on Market: 11/8/2024

  • Last Updated:

  • Address: 3976 Mormon Coulee Rd, La Crosse, WI 54601

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