2 E Central Entrance | Duluth, MN 55811
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- LoopNet Team
2 E Central Entrance
Duluth, MN 55811
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Caribou has 5 years of term remaining on their lease and three options, which include built-in 10% rent escalations
- Caribou Coffee is the market-leading coffee chain in Minnesota with more locations than Dunkin' Donuts and Starbucks combined
- This property sits on the signalized corner of E Central Entrance and S Arlington Ave
- The net lease structure leaves minimal responsibilities for the Landlord, making the property an ideal passive investment
- Caribou Coffee is a subsidiary of Panera Brands, which includes other well-known, successful companies such as Panera Bread and Einstein Bros. Bagels
- Central Entrance carries over 25,000 vehicles per day in the area
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
1,652 SF
Building Class
C
Year Built/Renovated
1953/2019
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
0.31 AC
Zoning
C
Frontage
116’ on E Central Entrance
AMENITIES
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 010036000016 | Improvements Assessment | $255,200 |
| Land Assessment | $263,400 | Total Assessment | $518,600 |
PROPERTY TAXES
Parcel Number
010036000016
Land Assessment
$263,400
Improvements Assessment
$255,200
Total Assessment
$518,600
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