PENDING!

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.