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34415589
34415866

515 4th Street, La Crosse, WI 54601 For Sale

DC
CA 02179670
DMC Real Estate
Listed by DMC Real Estate
$966,000
5 days on market
Updated 5 days ago

Burger King

Details
APN 17-20021-010
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,971
Cap Rate 5.95%
NOI $57,500
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 06/30/2030
Remaining Term 3.9
Lease Options (2) two, (5) five year options left
Price per SqFt $325
Year Built 1984
Acreage 0.580
Investment Type Net Lease
Tenant Credit Credit Rated
Ground Lease No
Ownership Fee Simple

Retail | 5.95% CAP | 2,971 SqFt | BELOW MARKET RENT $19.35 / SF

Marketing description

Burger King | 515 4th Street | La Crosse, WI

Retail | 5.95% CAP | 2,971 SF | Below Market Rent – $19.35/SF

Presenting the exclusive opportunity to acquire a single-tenant Burger King located at 515 4th Street in the heart of La Crosse, Wisconsin. Positioned at the gateway to Downtown La Crosse, this highly visible asset occupies a prominent signalized triangular intersection with exposure to more than 40,000 vehicles per day, providing exceptional visibility and consistent consumer traffic.

This investment is anchored by a long-standing Burger King franchisee that has successfully operated at the property for over 20 years, demonstrating the location's strength and stability. Reinforcing its long-term commitment to the site, the tenant executed a five-year lease extension in December 2024, providing investors with dependable cash flow from an established operator, Cave Creek Enterprises LLC.

The lease is structured to minimize ownership responsibilities, with the tenant responsible for CAM, real estate taxes, insurance, and the maintenance of the premises, allowing for a truly passive investment. Additionally, the property is leased at a below-market rental rate of just $19.35 per square foot, presenting future upside potential as the market continues to strengthen.

Strategically located at the entrance to Downtown La Crosse, the property benefits from its proximity to major employers, government offices, hospitality, and entertainment. Institutional-quality neighboring properties, including Hampton Inn & Suites and La Crosse City Hall, further reinforce the area's strong fundamentals and continual daily traffic.

This offering presents investors with an opportunity to acquire a well-located, recession-resistant quick-service restaurant backed by a proven operator, a passive lease structure, below-market rent, and a premier downtown location that continues to serve as one of La Crosse's most recognizable commercial corridors.

Investment highlights

  • Zero landlord responsibilities [tenant pays for CAM, taxes, insurance and maintains all aspects of the premises].
  • Burger King Franchisee has been on site for 20+ years with a recent extension in Dec 2024 for an additional 5 years
  • Established Operator [Cave Creek Enterprises LLC]
  • Property sits on a signalized triangular intersection that benefits from 40,000+ VPD
  • Below Market Rent [$19.35 / SF]
  • Prime Urban downtown location
  • Institutional Quality Neighbors Hampton Inn Suites and LaCrosse City Hall

Listing Contacts

DC
CA 02179670
DMC Real Estate
Listed by DMC Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$57,500.00
$4,791.67/mo

Valuation Metrics

0
DSCR
5.95%
Cap Rate
5.95%
ROI

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