For Sale $1,569,000.00
PRICE REDUCED TO $1,569,000 FROM $1,750,000, NOW A WITH 6% CAP RATE! Excellent opportunity to invest in a strong franchise fast-food tenant in Onalaska, WI – a thriving sister city to La Crosse. The property, occupied by DRM’s Arby’s franchise, has high daily traffic counts along the I-90 and STH 16 corridors with numerous big-box retailers nearby. DRM is the second largest Arby’s franchisee, with over 97 locations throughout six midwest states.
- Purchase Price: $1,569,000.00
- Directions: Located in the NE quadrant of the I-90 and STH 16 intersection - Directly in front of Microtel Inn, across from Woodman’s Market
- Building Size Total (Sq. Ft): 3,015
- Building Size Main (Sq. Ft): 3,015
- Lot Size (Sq. Ft): 66,646
- Lot Size (Acres): 1.53
- Lot Dimensions: 365.03’ x 323.72’ x 312.36’ x 170.97’
- Road Frontage: 365.03’ along Kinney Coulee Road N and 323.72’ along a paved turn-a-round road
- Original Price: $1,750,000.00
- Price Note: Building Tenant is DRM, Inc. Tenant Franchise is Arby's. 15 Year Triple Net Lease with annual increases, started December 2015. No Landlord Responsibilities - Execution of DRM's Standard Lease. See Property Brochure for Tenant Details.
- Property Tax Year: 2020
- Annual Property Tax: $17,003.22
- Cap Rate: 6.0
- Business Name: Arby's
- Type of Business: Fast Food Chain
- Year Established: 2015
- Property Features / Assets: Drive-Thru
- Water: City
- Sewer: City
- Year Built: 2015
- Parking Spaces: 50 Paved Parking Spaces
- Neighboring Businesses: Located directly next to Microtel Inn, Baymont Hotel and Woodman's Market. Numerous other retailers nearby - see aerial in Property Brochure.
- Traffic Counts: 32,500 on Interstate 90; 26,900 on STH 16; 4,000 at Off Ramp From I-90 WB to STH 16; 1,700 at On Ramp to I-90 WB from STH 16
- CC File #: 1554
- Zoning: Current: M-1 Light Industrial; Proposed: B-3 Regional Business
- PID#: 18-3625-8
- Legal Description: Lot One (1), La Crosse County CSM #1656051 filed in Volume 16 of Certified Survey Maps, page 81 as Document #1656051, being part of the NW 1/4 - SE 1/4 & SW 1/4 - NE 1/4, Section 11, Township 16 North, Range 7 West, City of Onalaska, La Crosse County, Wisconsin. Together with a perpetual sign easement established in Sign Easement Agreement, recorded June 3, 2015 as Document No. 1657229.