5601 Miller Trunk Hwy - Fast Food FOR SALE
Duluth, MN 55811 |
$1,543,000 USD
952-210-0484
5601 Miller Trunk Hwy
Duluth, MN 55811
HIGHLIGHTS
- New Drive-Thru Small Format “Cabin” Concept
- Caribou Coffee signed a 10-year lease with an attractive 10% rent increase in Year 6 and in each option period.
- The building is new construction built-to-suit according to Caribou Coffee’s specifications.
- Caribou Coffee merged with Panera Bread and Einstein Bros. Bagels to form Panera Brands
- Minnesota has the highest concentration of Caribou Locations nationally
- Property is Located in Close Proximity to Big Box Retail Traffic Drivers & Duluth International Airport
OVERVIEW
CBRE is exclusively offering for sale the fee simple interest to a new construction, free standing, Caribou Coffee located in Hermantown (Duluth), MN. Caribou Coffee is the dominant regional coffee brand with more locations throughout the state of Minnesota than both Starbucks and Dunkin Donuts combined. The cities of Hermantown & Duluth have a population in excess of 90,000.
FOR SALE DETAILS
PRICE
$1,543,000 USD
PRICE/SF
$2,469 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Caribou Coffee "Cabin" Hermantown, MN
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
395001001000
ASK ABOUT THIS PROPERTY
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952-210-0484
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952-210-0484
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