12495 5th Ave - Retail FOR SALE
Zimmerman, MN 55398 |
12495 5th Ave
Zimmerman, MN 55398
HIGHLIGHTS
- Caribou Coffee's 10 year lease, which includes 10% rent escalations every five years, has over 7 years of term remaining
- Caribou Coffee is the market-dominant coffee chain in Minnesota, with more locations than Starbucks and Dunkin' Donuts combined
- This site features Caribou Coffee’s new “Cabin” concept, which is a drive-thru and walk-up only design
- The property has direct visibility from US Hwy. 169 and 5th Ave. N
- US Hwy. 169 is the primary roadway linking Zimmerman to Minneapolis and is currently being expanded to carry even more traffic
- Within a three-mile radius, the average household income is $124,000, 16% higher than the national average
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Caribou Coffee
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Freestanding, Restaurant
TOTAL BUILDING SIZE
554
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
5
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
-
APN/PARCEL ID
95-575-0110
