535 E Highway 2 - Fast Food FOR SALE
Grand Rapids, MN 55744 |
535 E Highway 2
Grand Rapids, MN 55744
HIGHLIGHTS
- This site is Caribou Coffee’s new “Cabin” concept, featuring a new drive-up and walk-up only format
- Caribou Coffee is the dominant coffee chain in Minnesota with more locations in the state than Starbucks and Dunkin’ Donuts combined
- Caribou Coffee recently signed a 10 year lease that commences upon opening. The lease features 10% rent bumps every 5 years
- The building was completely renovated as a built-to-suit structure according to Caribou Coffee’s specifications
- The property offers additional income from a lease with Affinity Plus ATM
- The building is in close proximity to the signalized intersection of US Highway 2 (8,000 VPD) & US Highway 169 (14,200 VPD)
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
1278
STORIES
1
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
17
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
91-720-0270,91-720-0280
