202 Shevlin SW ave - Retail FOR SALE
Bemidji, MN 56601 |
$2,955,000 USD
844-585-7682
202 Shevlin SW ave
Bemidji, MN 56601
HIGHLIGHTS
- New-Construction Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Drive-Thru
- New 10-Year Lease
- 10% Rental Increases Every 5 Years During the Primary Term and Each of the Four 5-Year Options
- One of the “World’s Most Admired Companies” by Fortune (2009-2024)
- Market Dominant Tenant: The subject property is one of two freestanding Starbucks locations in Bemidji
- Regional Retail Hub: Bemidji serves as the dominant retail center for Northern Minnesota
FOR SALE DETAILS
PRICE
$2,955,000 USD
PRICE/SF
$1,163 USD /SF
CAP RATE
6.15%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Starbucks | Bemidji, MN
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.99 AC
LAND SF
43,124 SF
ZONING
-
APN/PARCEL ID
00265300
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844-585-7682
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844-585-7682
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