3003 Airport Rd La Crosse, WI 54603-1258
This exceptional investment opportunity presents a single-tenant, 66,493 square foot industrial warehouse fully leased to Amazon.com, Inc. (S&P AA rated) under a Net Lease (NNN) agreement. Located at 3003 Airport Rd, La Crosse, WI 54603, this property boasts a prime location adjacent to the La Crosse Regional Airport. The building, constructed in 1988 and extensively renovated in 2021, features 13 dock-high doors and is currently 100% occupied. The lease includes annual rent bumps and features an original 66-month term with four 5-year renewal options. Amazon has invested approximately $12 million in this facility, which serves as a key delivery station employing roughly 120 people and handling both small parcel and heavy/bulk packages. The property offers a compelling 6.49% cap rate with a Net Operating Income (NOI) of $415,637 and an asking price of $6,400,000 ($96.25/sq ft). This represents a secure, high-yield investment with a credit-rated tenant in a strategically important location. The single-story building provides efficient operations for Amazon's last-mile delivery network. This is a rare opportunity to acquire a high-quality, net-leased industrial asset backed by a blue-chip tenant.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.