La Crosse, WI - Caribou Coffee

Description:

• The tenant currently has 6 years remaining on their initial lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years and at the beginning of each option, growing NOI and hedging against inflation
• 10% rental increase in July of 2026
• Property sits on an oversized parcel of 1.36 acres
• With 335 company-owned, 140 non-traditional, and 361 franchise coffeehouses in 11 countries as of Dec. 31, 2024, they are focused on smart growth

• The subject property is located along Mormon Coulee Road, a major retail road
that averages 27,100 VPD
• The asset is located in close proximity to Shelby Mall Shopping Center, a 76,000 SF strip center, that is anchored by Aldi, Dollar Tree, and Ace
• Other nearby national/credit tenants include Walmart Supercenter, Kwik Trip, Wendy’s, Burger King, O’Reilly Auto Parts and more
• In addition, the site is near Hintgen Elementary School (246 students) and Arrowhead Apartments & Townhomes (246 units) further increasing consumer traffic to the immediate trade area