5I-90 ALT & Braund St - Fast Food FOR SALE


Onalaska, WI 54650
$3,000,000 USD
480-221-4221
5I-90 ALT & Braund St, Onalaska, WI for Sale
$3,000,000 USD
Fast Food - FOR SALE
1/5
null | 4.5% Cap Rate

5I-90 ALT & Braund St
Onalaska, WI 54650


HIGHLIGHTS

  • Brand New 15-Year Deal | Scheduled Rental Increases | Brand New Construction | Established Brand
  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities
  • Outparcel to Valley View Mall (598,000+ SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Hospital & Schools
  • Located Along State Hwy 16 (42,500 VPD) | Interstate 90 (41,500 VPD) | Excellent Visibility
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$988 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Raising Cane's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,075 SF

ZONING

GC

APN/PARCEL ID

017-010315-200

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.