Caribou Coffee - Chippewa Falls, WI

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in Caribou Coffee (the “Property”) located at 1033 Chippewa Crossing Blvd in Chippewa Falls, WI. This newly constructed build-to-suit asset is 100% leased to Caribou Coffee corporate. The 554 SF building sits on 1.0 acres of land and features Caribou Coffee's new “Cabin” concept, which is a drive-thru and walk-up only format. The tenant signed a 12-year NNN lease, which features 10% rent escalations every five years and commenced in December of 2023.

Caribou Coffee has a major presence in the Upper Midwest with over 350 locations across Minnesota and Wisconsin. With over 770 locations across the globe, Caribou Coffee is quickly increasing their share of the coffee market. Caribou Coffee is part of a portfolio of complementary brands bound by common values, Panera Brands, comprised of Panera Bread®, Caribou Coffee® and Bagel Brands.

This grocery-anchored property is an outparcel to a newly developed Festival Foods, one of the largest grocery chains in Wisconsin. Several other traffic drivers are in development within the center and several more are planned. The property is ideally situated on the signalized corner of WI-29 BUS and Chippewa Crossing Blvd. WI-29 BUS connects two of Chippewa Falls’ busiest roadways, WI-29 and WI-124, which carry 25,700 and 12,200 vehicles per day in the area, respectively.

Please see OM for more info.