12495 5th Ave | Zimmerman, MN 55398
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- LoopNet Team
12495 5th Ave
Zimmerman, MN 55398
Caribou Coffee · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Caribou Coffee's 10 year lease, which includes 10% rent escalations every five years, has over 7 years of term remaining
- This site features Caribou Coffee’s new “Cabin” concept, which is a drive-thru and walk-up only design
- US Hwy. 169 is the primary roadway linking Zimmerman to Minneapolis and is currently being expanded to carry even more traffic
- Caribou Coffee is the market-dominant coffee chain in Minnesota, with more locations than Starbucks and Dunkin' Donuts combined
- The property has direct visibility from US Hwy. 169 and 5th Ave. N
- Within a three-mile radius, the average household income is $124,000, 16% higher than the national average
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
554 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.33 AC
Parking
5 Spaces (9.03 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | 95-575-0110 | Improvements Assessment | $97,800 |
| Land Assessment | $109,000 | Total Assessment | $206,800 |
PROPERTY TAXES
Parcel Number
95-575-0110
Land Assessment
$109,000
Improvements Assessment
$97,800
Total Assessment
$206,800
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