Kohl's
Long-Term Corporate Kohl's Lease | Adjacent to Target | Strong Market and Demographic Fundamentals
Marketing description
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.
Investment highlights
Corporately Guaranteed Lease with Minimal Landlord Responsibilities
The corporately guaranteed lease features a recent extension with term through January 2032, three additional option periods with scheduled rental increases, and minimal landlord responsibilities.
Established and Proven Location
Kohl’s has operated at this location since December 1993. 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.
Excellent Foot Traffic
Kohl’s ranks in the top 12% of Wisconsin Kohl’s stores and the top 8% across the brand nationally for foot traffic (Placer.ai), underscoring the site's strength.
Retail Center of Gravity
Kohl’s is ideally situated within the dominant La Crosse-Onalaska retail corridor along State Road 16—anchored by the 605,000 SF Valley View Mall and major retailers like Target, Walmart, and Sam’s Club—and draws shoppers from over 50 miles away, including students from nearby colleges and employees of leading institutions such as Mayo Clinic Health System and Gunderson Lutheran Medical Center.
Strong Traffic Counts and Access
Kohl’s is well situated along State Road 16 and immediately south of Interstate 90. State Road 16 and Interstate 90 bring combined traffic counts of over 61,500 vehicles each day. The asset provides several points of ingress and egress to move traffic throughout the center efficiently.
Powerful Area Demographics
Kohl’s benefits from an excellent demographic profile. Within the three-mile primary trade area is an estimated population of 23,229, earning an average household income of $111,185. When expanded to a file-mile radius, the population swells to 55,726. Within the primary trade area is an estimated population of 79,378, earning an average household income of $110,819.
La Crosse-Onalaska MSA
The La Crosse–Onalaska MSA (Population: 136,985), known as the “Coulee Region,” is a growing tech and medical hub driven by healthcare, defense, and manufacturing, with Onalaska attracting businesses for its low costs and educated workforce, and home to the University of Wisconsin–La Crosse, a leading four-year institution with over 10,600 students.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
