216 Hufman mill Rd - Fast Food FOR SALE
Burlington, NC 27215 |
$1,714,000 USD
858-373-3174
216 Hufman mill Rd
Burlington, NC 27215
HIGHLIGHTS
- New 11-Year Lease with 10% Increases Every 5 Years, Limited Landlord Responsibilities
- Corporate Guaranty, 800+ Locations Globally in 11 Countries (360+/- Corporate Stores in U.S.)
- Caribou Merged with Panera Bread and Einstein Bagels to Form Panera Brands, a Subsidiary of JAB Holding Group (Investment-Grade Credit Rating)
- 2024 Full Renovation, Larger “Chalet” Prototype with Drive-Thru/Café/Patio Format
- Serving Over 102,000 Residents in Growing Suburb Between the Piedmont Triad and Research Triangle Regions
- Surrounded by Residential Developments, 25,000 Building Lots Approved for Development
FOR SALE DETAILS
PRICE
$1,714,000 USD
PRICE/SF
$1,105 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Caribou Coffee
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2003
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
0.65 AC
LAND SF
28,401 SF
ZONING
B 2
APN/PARCEL ID
113767
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858-373-3174
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858-373-3174
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