Log In/Sign Up
1661 Commerce Dr
North Mankato, MN 56003
Caribou Coffee · Retail Property For Sale
Investment Highlights
- Rent 36% Below New Caribou Locations – In-place rent of $85,900 sits well below the ~$135,000 average at newer Caribou stores
- Two 10% Increases Over Next 6 Years – Unlike most deals with 11 years remaining, this lease features two 10% rent increases occurring in 2029 and 2032
- 90-Minute Drive from Corporate Headquarters – Situated within a 90-minute drive of Caribou’s global headquarters in the Twin Cities
- Early Lease Extension Signals Store Strength – Despite six years still remaining on the base term, the tenant exercised their first 5-year option
- Corporate Lease with a National Coffee Operator – The lease is guaranteed by Caribou Coffee, a large, creditworthy operator with 800+ locations
- Flagship “Cozy Café” Format – Features Caribou’s signature sit-down Cozy Café concept—designed for longer dwell times, repeat customers
Property Facts
Property Type
Retail
Building Size
2,508 SF
Building Class
B
Year Built
1980
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.92 AC
Parking
11 Spaces (4.39 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | R-18.861.0010 | Improvements Assessment | $418,500 |
| Land Assessment | $187,100 | Total Assessment | $605,600 |
Property Taxes
Parcel Number
R-18.861.0010
Land Assessment
$187,100
Improvements Assessment
$418,500
Total Assessment
$605,600
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
