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Ross Dress for Less STNL Investment Property
Onalaska (La Crosse MSA), WI
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Investment Highlights
- NEW PRICE - 5.75% Cap Rate
- Newly-leased Ross Dress for Less investment property undergoing conversion and major renovation
- New roof with 15-year warranty
- Long-term lease with escalations and low rental rate
- Located in a market with virtually zero vacancy for junior and big box retail space
- Best regional location in shopping center anchored by Target, Hobby Lobby, Kohls, and Best Buy
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This property is in the process of being converted for a new lease that was executed with Ross. The building size is 23,468 SF on 2.02 acres. The lease is set up as a Double-Net structure, with the roof and structure being the only landlord responsibilities. Prior to delivery, a new roof was installed with a 15-year warranty. The building is in the process of receiving many upgrades. It has outstanding visibility, ample parking, and 2 large pylon signs along I-90 and WI Hwy 16.
Details regarding this offering are confidential. Please contact broker to execute a confidentiality agreement, and further information can be provided.
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