3220 Berlin Drive, La Crosse, WI, 54601, US

Kwik Trip La Crosse

Descrição

Jones Lang LaSalle (“JLL”), as exclusive advisor to the Owner, is pleased to present to investors the opportunity to acquire Kwik Trip La Crosse, a premier industrial asset totaling 134,400 square feet in the booming La Crosse, Wisconsin river market. The asset is currently 100% leased to Kwik Trip converneince stores headquartered in La Crosse, featuring a 2.3 year weighted average lease term, an in-place 5 year renewal option, and fantastic below-market rents, bolstering present and future returns for investors.

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Atributos

Área de construção líquida

12.486 m²

Ocupação

100%

Ano de construção

2022

Área de terreno bruta

3,4 ha

WALT

2.3 anos

Altura livre

9,14 m

Inquilinos

Kwik Trip

Mídia

Destaques do investimento

New construction with modern features - 134,400 SF new construction warehouse on 8.4 acres, with plenty of parking for trucks and employees, plus 2.3 acres of additional land available for sale next door. The asset, built in 2022, features 16 docks, 2 drive-in doors, 3-phase heavy power, and 28’-32’ clear height.
Desirable International Business Park - Located in International Business Park at a stoplight intersection along WI Hwy 16 and just 1 mile from Exit 5 access to I-90. Other major tenants in the park include; FedEx, Viking Electric, Canteen, Modern Crane and Dalco.
Lack of Industrial Vacancy - The La Crosse market has experienced no new industrial deliveries for the past 12 months bringing vacancy to near zero, ensuring extreme demand from local tenants and investors alike.
Kwik Trip's La Crosse Headquarters - Headquartered just down the road in La Crosse, Kwik Trip now operates 898 stores across six states, requiring constant growth from their distribution and warhousing support infrastructure. With expansion plans for their seventh state of North Dakota, and an ever-growing vertical integration plan, the Berlin Drive La Crosse property will likely be a renewal property for the company.
Mark-to-Market - The property presents a strong mark-to-market opportunity, with Kwik Trip currently paying 26.7% below-market rents at expiration. This situation creates significant upside potential for future cash flow growth.