OFFERING SUMMARY
Price: $2,202,114
Cap Rate: 5.25%
Gross Leasable Area: 4,090 SF
NOI: $115,611*
*Rent as of July 1, 2022
OFFERING HIGHLIGHTS
- Complete Remodel in 2018
- Established 181-Unit Burger King Operator
- Large 1.47 Acre Lot
- Absolute NNN Lease
- 1% Annual Rental Increases
INVESTMENT OVERVIEW
Marcus & Millichap is pleased to present a 4,090 square foot freestanding Burger King restaurant located in La Crosse, WI. The tenant completed a full remodel in July of 2018, also signing a brand new 20-year NNN lease with 1% annual rent increases. The tenant is franchisee guaranteed by Cave Enterprises who currently operate 181 Burger King locations in 6 different states.
The property is located along Mormon Coulee Road, a major retail thoroughfare in La Crosse. Nearby retailers and traffic generators include The La Crosse State Office Building, Dairyland Power Cooperative Offices, Walgreens, AutoZone, KFC, Culver’s and many others.
