Freestanding Retail Building in
1231 Crossing Meadows Drive Onalaska, WI 54650
1231 Crossing Meadows Drive, Onalaska, WI, 54650
$2,643,000
For Sale
$2,643,000
Freestanding 15,768 SF retail building in Onalaska, Wisconsin.
Property Size15,748 SF
Lot Size1.18 Acres
Price / SF$167.83
Days on Market118
Property Features for 1231 Crossing Meadows Drive
General Information
- Standard status
- Active
- Size
- 15,748 SF
- Lot size
- 1.18 Acres
- Property subtype
- Retail
Listing Agency
(612) 336-4322
Listed by
AJ Prins
(612) 336-4322
Source
Cbre
Added: Mar 25 Updated: Jul 10 at 11:28 am Checked: Jul 20 at 2:15 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of AJ Prins
Investment Insights
Based on property information with market context.
This freestanding retail building in Onalaska, Wisconsin, offers 15,768 square feet of space on a 1.18-acre lot. The property is located within the Crossing Meadows retail development, anchored by Festival Foods and Sam’s Club. The location benefits from high visibility and traffic counts, as well as the area’s residential and commercial growth. The current tenant, Petco, opened in 1996 and has demonstrated commitment to the site with lease extensions in 2012, 2020, and 2024. The rent rate is $12 per square foot. Petco Health and Wellness Company, Inc. has corporate offices in San Diego and San Antonio and operates 1,500 locations. The company's 2023 revenues exceeded $6 billion. Onalaska is located on the border of Minnesota and Wisconsin and, together with La Crosse, forms the La Crosse MSA, with a population of approximately 139,000.
Key Highlights
- Premiere retail location in a robust trade area anchored by Festival Foods and Sam's Club.
- Petco has demonstrated site commitment with 3 early lease extensions.
- Attractive below‑market rent of $12 per square foot.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $236.2k | $15.00 |
| − Vacancy | −$9.9k | −$0.63 |
| EGI | $226.3k | $14.37 |
| − OpEx | −$67.9k | −$4.31 |
| NOI | $158.4k | $10.06 |
15,748 SF · lease $15.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.26M
$1.98M – $2.64M
NOI $158,409 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.44M
$3.01M – $4.02M
NOI $241,086 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
fi.d.o
(Bike/Boat/Book/etc) Store
Petco Grooming
Pet Grooming Service
Petco Dog Training
Animal Training
Petco Low Cost ...
Veterinary Clinic
Petco
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Freestanding 15,768 SF retail building in Onalaska, Wisconsin.
Where is this retail space located?
The property is located at 1231 Crossing Meadows Drive Onalaska, WI.
What is the asking price?
The asking price for this property is $2,643,000.
What are key features of this property?
This property features: Premiere retail location in a robust trade area anchored by Festival Foods and Sam's Club.; Petco has demonstrated site commitment with 3 early lease extensions.; Attractive below‑market rent of $12 per square foot.
