Listed By: AJ Prins Show Phone

Source: Cbre

Added: Mar 25 Changed: Oct 12 Last Checked: Oct 19 at 6:23AM

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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.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$158,409

Cap Rate

7.80%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,168,180 $3.2M

Cap Rate 7%

$2,262,986 $2.3M

Cap Rate 9%

$1,760,100 $1.8M

Is this asking price fair?

Market Conditions

NOI Build-Up for 15,748 SF

Gross rent

$236.2K $15.00/SF

− Vacancy

−$9.9K −$0.63/SF

EGI

$226.3K $14.37/SF

− OpEx

−$67.9K −$4.31/SF

NOI

$158.4K $10.06/SF

Area

La Crosse County, WI

Vacancy

4.20%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$3,168,180

Cap Rate 7%

$2,262,986

Cap Rate 9%

$1,760,100

Alternative Uses

Best Use

Retail

$2.26M

$1.98M – $2.64M (±1% cap)

NOI $158,409 @ 7.0% cap · market cap 7.80%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$3.44M

$3.01M – $4.02M (±1% cap)

NOI $241,086 @ 7.0% cap · market cap 11.88%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

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

Suggested Use

Top Pick Law Firm HVAC Service Building Supply Parking Lot & Garage Kitchen & Bath Showroom Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

363

Businesses Nearby

273k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 35% Superstores 33% Groceries 21% Dining 6%

Sam's Club Superstores

90,762 visits/mo 0.2 miles

Skogen's Festival Foods Groceries

57,678 visits/mo 0.2 miles

Kwik Trip Shops & Services

35,127 visits/mo 0.3 miles

PetSmart Shops & Services

25,671 visits/mo 0.5 miles

Jo-Ann Fabric and Craft Shops & Services

13,803 visits/mo 0.2 miles

Demographics for 54650, WI

24,523

Population

11,166

Households

2.2

Avg Household Size

41

Median Age

40%

College-Educated

98%

High-School Grad

30.9 sq mi

ZIP Area

794

Density / Sq Mi

$85,255

Median Household Income

$48,366

Median Earnings

$1,109

Median Rent

$279,100

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

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 $2,029,953.

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.