804 N Minnesota Ave - Fast Food FOR SALE
Saint Peter, MN 56082 |
$1,257,142 USD
952-210-0484
804 N Minnesota Ave
Saint Peter, MN 56082
HIGHLIGHTS
- This site is Caribou Coffee’s “Cabin” concept, featuring the new drive-up and walkup only format.
- Caribou Coffee signed a 12-year lease with attractive rent increases in Year 6, 11 and in each option period.
- St. Peter is home to the 340 acre college campus of Gustavus Adolphus.
- Minnesota has the highest concentration of Caribou Locations nationally.
- This location capitalizes on high traffic flow directly on US-169 with nearly 22,000 VPD by the subject property.
- Highest Traffic Counts of Any Two-Lane Road in South-Central Minnesota: Highway 169 also connects St. Peter and Mankato along the city’s west side.
OVERVIEW
This site is Caribou Coffee’s “Cabin” concept, featuring the new drive-up and walk-up only format. Caribou has aggressively expanded its store count with multiple new “Cabin” locations throughout the Midwest. Caribou Coffee signed a 12-year lease with attractive rent increases in Year 6, 11, and in each option period. Minnesota has the highest concentration of Caribou Locations nationally.
FOR SALE DETAILS
PRICE
$1,257,142 USD
PRICE/SF
$577 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Caribou Coffee "Cabin" St. Peter | Minnesota
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.47 AC
LAND SF
20,473 SF
ZONING
Commercial
APN/PARCEL ID
19.771.0010
ASK ABOUT THIS PROPERTY
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952-210-0484
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952-210-0484
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