Caribou Coffee - Zimmerman_Property for Sale
Caribou Coffee - Zimmerman_Property for Sale
26319 2nd St E Ste E, Zimmerman, MN, 55398-6501, US

Caribou Coffee - Zimmerman

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee-simple interest in a newly developed, single-tenant Caribou Coffee in Zimmerman, MN, located within the Minneapolis-St. Paul MSA. Caribou Coffee, which has more locations in Minnesota than Starbucks and Dunkin Donuts combined, is the dominant coffee chain in the state. This triple net investment presents a unique opportunity to obtain steady, reliable cash flows from a high-quality tenant.

...

Attributes

Asking Price
€1,424,000
Building area Gross
51 sm
Occupancy
100.00%
Year built
2022
Cap Rate
6.00%
NOI
€86,000

Media

Investment highlights

INNOVATIVE CARIBOU “CABIN” CONCEPT 

This site features Caribou Coffee’s new “Cabin” concept, a drive-up and walk-up only format. This innovative building design minimizes the company use of real estate and maximizes efficiency in service, reducing costs and increasing profitability


MARKET-DOMINANT COFFEE CHAIN

Caribou Coffee is the dominant coffee chain in Minnesota with more locations in the state than Starbucks and Dunkin’ Donuts combined


NEW 10 YEAR LEASE WITH 10% BUMPS

Caribou recently signed a 10 year lease. The lease features 10% rent bumps every 5 years, increases which continue through the option periods


NEW CONSTRUCTION

The building is newly constructed according to Caribou Coffee’s specifications. The recent construction reduces future costs of potential capital expenditures

Contact brokers

Caribou Coffee - Zimmerman (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? Visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. E-Mail us today to see how we can help achieve your ambitions.
Last updated
Apr 11, 2023