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Kohl's 9404 State Road 16 86,432 SF Retail Building Onalaska, WI 54650 $10,252,875 CAD ($118.62 CAD/SF) 7.75% Cap Rate

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Investment Highlights

  • Corporately Guaranteed Lease with Minimal Landlord Responsibilities
  • Excellent Foot Traffic Kohl’s ranks in the top 12% of Wisconsin Kohl’s stores and top 8% across the brand nationally for foot traffic (Placer.ai)
  • Strong Traffic Counts & Access: Situated along State Rd 16 and immediately south of Interstate 90. Over 61,500 VPD.
  • Established and Proven Location: Kohl’s has operated at this location since December 1993.
  • Retail Center of Gravity Kohl’s is ideally situated within the dominant La Crosse-Onalaska retail corridor along State Road 16:
  • Powerful Area Demographics | La Crosse-Onalaska MSA

Executive Summary

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.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
86,432 SF
Building Class
B
Year Built/Renovated
1990/2002
Price
$10,252,875 CAD
Price Per SF
$118.62 CAD
Cap Rate
7.75%
NOI
$794,216 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
7.14 AC
Zoning
M-1 - Light Industrial (Planned Commercial Industrial District)
Parking
331 Spaces (3.83 Spaces per 1,000 SF Leased)

Sustainability

LEED Certified
Silver
LEED certification is a globally recognized symbol of sustainability achievement.

Sustainability

LEED Certification Developed by the U.S. Green Building Council (USGBC), the Leadership in Energy and Environmental Design (LEED) is a green building certification program focused on the design, construction, operation, and maintenance of green buildings, homes, and neighborhoods, which aims to help building owners and operators be environmentally responsible and use resources efficiently. LEED certification is a globally recognized symbol of sustainability achievement and leadership. To achieve LEED certification, a project earns points by adhering to prerequisites and credits that address carbon, energy, water, waste, transportation, materials, health and indoor environmental quality. Projects go through a verification and review process and are awarded points that correspond to a level of LEED certification: Platinum (80+ points) Gold (60-79 points) Silver (50-59 points) Certified (40-49 points)

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Retailer
  • 8,642 SF
  • -
  • Double Net
  • Jan 2032

Kohl's est l'un des principaux détaillants omnicanaux comptant plus de 1 100 magasins dans 49 États. Avec son engagement à inspirer et à donner aux familles les moyens de mener une vie épanouie, Kohl's offre des marques nationales et exclusives incroyables, des économies incroyables et une expérience d'achat facile dans ses magasins, en ligne sur Kohls.com et sur l'application mobile de Kohl's. Depuis sa fondation, Kohl's a donné plus de 750 millions de dollars pour soutenir les communautés à l'échelle nationale, en mettant l'accent sur la santé et le bien-être des familles. Le premier grand magasin Kohl's ouvre ses portes à Brookfield, au Wisconsin, en 1962. Lorsque la société est entrée en bourse en 1992, il y avait 76 magasins Kohl's dans le Midwest. Kohls.com a été lancé en 2001, donnant à Kohl's une présence en ligne qui a grandi et évolué au fil des ans. En 2003, ils ouvrent 28 magasins en Californie, ce qui donne à Kohl's une présence d'un océan à l'autre pour la première fois de son histoire. Cette croissance et cette expansion se sont poursuivies au fil des ans et Kohl's exploite maintenant plus de 1 100 magasins dans 49 États.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Retailer 8,642 SF - Double Net Jan 2032

Nearby Major Retailers

Starbucks
Old National Bank
Outback Steakhouse
Texas Roadhouse
Olive Garden
Noodles & Company
Perkins
Caribou Coffee
Hy-Vee
Five Guys

Property Taxes

Property Taxes

Parcel Number
018-003578-005
Land Assessment
$3,669,709 CAD
Improvements Assessment
$6,036,346 CAD
Total Assessment
$9,706,055 CAD
  • Listing ID: 37863443

  • Date on Market: 2025-09-29

  • Last Updated:

  • Address: 9404 State Road 16, Onalaska, WI 54650

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