1811 Paul Bunyan Dr NW
Bemidji, MN 56601
Retail Property For Sale

Marcus and Millichap exclusively presents the opportunity to acquire a freestanding Starbuck’s in Bemidji, Minnesota. Starbuck’s signed a ten-year lease that commences upon completion of the building, estimated to be February 1, 2018. The lease structure includes a rental increase every five years, minimal landlord responsibilities, and no early termination option. Starbucks (NYSE: SBUX) has an investment grade credit rating of “A” by Standard and Poors. They currently have over 24,000 stores in 70 countries. The building is currently under construction. It is situated in the heart of the primary retail and medical corridor through Bemidji, surrounded by a mix of retailers including Walmart, Target, Menards, Home Depot, and the Paul Bunyan Mall. The building benefits from its location immediately adjacent to a 100 unit Super 8 Motel and one mile from the Sanford Hospital campus. The property also has direct signalized access to Paul Bunyan Drive, which is the primary thoroughfare into town with exposure to an estimated 16,000 vehicles per day. Bemidji is a city in Northern Minnesota and is considered to be the largest commercial center between Grand Forks, ND and Duluth, MN. It is also home to Bemidji State University which is a public university with an enrollment of over 6,000 students.