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Caribou Coffee "Cabin" Stevens Point, WI 151 Division St N 600 SF Retail Building Stevens Point, WI 54481 $1,156,114 ($1,926.86/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- New Drive-Thru Small Format “Cabin” Concept - This site is Caribou Coffee’s “Cabin” concept, featuring the new drive-up and walk-up only format.
- Primary Thoroughfare - Featuring many national retailers like McDonalds, Burger King, Festival Foods, Culver’s, Noodles and Company, Taco Bell, etc.
- Property is Located Directly on US-51 - This location capitalizes on high traffic flow on US-51 with nearly 12,900 VPD by the subject property.
- 10-Year Lease - Caribou Coffee signed a 10 year lease commencing in August of 2022 and has 6.5 years of term remaining.
- Dominant Regional Coffee Brand - Minnesota/Wisconsin has the highest concentration of Caribou locations nationally.
- Nearby University of Wisconsin Stevens Point - Property is located two blocks north of University of Wisconsin Stevens Point with over 7,000 students.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
600 SF
Building Class
B
Year Built
2022
Price
$1,156,114
Price Per SF
$1,926.86
Cap Rate
7%
NOI
$80,928
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.30 AC
Opportunity Zone
Yes
Bike Score®
Very Bikeable (77)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 281-24-0829140013 | Improvements Assessment | $268,700 |
| Land Assessment | $149,300 | Total Assessment | $418,000 |
PROPERTY TAXES
Parcel Number
281-24-0829140013
Land Assessment
$149,300
Improvements Assessment
$268,700
Total Assessment
$418,000
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Caribou Coffee "Cabin" Stevens Point, WI | 151 Division St N
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