About This Restaurant
Investment Highlights
New Drive-Thru Small Format ?Cabin? Concept The building is new construction built-to-suit according to Caribou Coffee?s specifications. Wisconsin has the second highest concentration of Caribou Locations nationally. Caribou Coffee signed a 10-year lease with attractive rent increases in Year 6 and in each option period. In the fall of 2021, Caribou Coffee merged with Panera Bread and Einstein Bros. Bagels to form Panera Brands. Panera Brands consist of 4,000 units in Appleton is part of the Fox Cities Metropolitan Area, the third largest in the state behind Milwaukee and Madison.
Executive Summary
CBRE is exclusively offering for sale the fee simple interest to a new construction, free standing, Caribou Coffee located in Appleton Wisconsin. Caribou Coffee is the dominant regional coffee brand. Wisconsin has the second highest concentration of Caribou locations nationally. The city of Appleton has a population of over 150,000 people. This site is Caribou Coffee?s new ?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.
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food Fast Food General Retail Fast Food General Retail Freestanding General Retail Restaurant Fast Food
- Building Size 625
- Building Class B
- LoopNet Rating 4 Star
- Year Built 2024
- Price 1,745,000
- Price Per SF 2,792
- Cap Rate 6.65
- NOI 116,000
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.01
- Land Acres 1.37 AC
Property Taxes
| Parcel Number | 31-1-6640-12 | Improvements Assessment | $314,200 |
| Land Assessment | $407,600 | Total Assessment | $721,800 |
| Date Created: | 2024-07-16 04:25:41 | Last Updated: | 2024-07-16 04:25:41 |
| Address: | 2120 E Northland Ave , Appleton, Wisconsin, 54911 | ||