9404 State Road 16 - Department Store FOR SALE


Onalaska, WI 54650
$7,500,000 USD
9404 State Road 16, Onalaska, WI for Sale
$7,500,000 USD
Department Store - FOR SALE
1/8
null | 7.75% Cap Rate

9404 State Road 16
Onalaska, WI 54650


HIGHLIGHTS

  • Corporately Guaranteed Lease with Minimal Landlord Responsibilities
  • Established and Proven Location: Kohl’s has operated at this location since December 1993.
  • Excellent Foot Traffic Kohl’s ranks in the top 12% of Wisconsin Kohl’s stores and top 8% across the brand nationally for foot traffic (Placer.ai)
  • Retail Center of Gravity Kohl’s is ideally situated within the dominant La Crosse-Onalaska retail corridor along State Road 16:
  • Strong Traffic Counts & Access: Situated along State Rd 16 and immediately south of Interstate 90. Over 61,500 VPD.
  • Powerful Area Demographics | La Crosse-Onalaska MSA

OVERVIEW

CBRE’s Net Lease Property Group is pleased to exclusively present the opportunity to acquire a 100% fee simple interest in a corporately guaranteed Kohl’s located in Onalaska, Wisconsin — a thriving community along the Mississippi River and part of the La Crosse–Onalaska MSA. Kohl’s has been operating at this location since December 1993, demonstrating long-term success in the market. In 2021, Kohl’s executed a lease extension through January 2032 in conjunction with the addition of a Sephora shop-in-shop concept, signaling its strong commitment to the site and confidence in the market. The lease is backed by a corporate guaranty, includes three additional option periods, and features scheduled rental increases in each option— offering long-term income security with minimal landlord responsibilities. The property is strategically positioned in the heart of the La Crosse–Onalaska retail corridor, the largest shopping district within a nine-county area, attracting shoppers from up to 50 miles away. The corridor is anchored by Valley View Mall and complemented by a dense roster of national retailers, including Target, Walmart, Sam’s Club, The Home Depot, Best Buy, Hobby Lobby, T.J. Maxx, and Dick’s Sporting Goods. The site benefits from excellent visibility along State Road 16, immediate proximity to Interstate 90, and combined daily traffic counts exceeding 61,500 vehicles.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kohl's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

331

LAND DETAILS

CROSS STREETS

SWC Hwy 16 & I-90

LAND ACRES

7.14 AC

LAND SF

311,018 SF

ZONING

M-1

APN/PARCEL ID

018-003578-005

ASK ABOUT THIS PROPERTY

Michael KaiderCBRE, Inc.More Info

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Michael KaiderCBRE, Inc.More Info

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