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Starbucks | Bemidji, MN 202 Shevlin SW Ave 2,540 SF Retail Building Bemidji, MN 56601 $2,795,000 ($1,100.39/SF) 6.50% Cap Rate

Retail Spaces Minnesota Bemidji 202 Shevlin SW Ave, Bemidji, MN 56601

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Investment Highlights

  • New-Construction Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Drive-Thru
  • 10% Rental Increases Every 5 Years During the Primary Term and Each of the Four 5-Year Options
  • Market Dominant Tenant: The subject property is one of two freestanding Starbucks locations in Bemidji
  • New 10-Year Lease
  • One of the “World’s Most Admired Companies” by Fortune (2009-2024)
  • Regional Retail Hub: Bemidji serves as the dominant retail center for Northern Minnesota

Executive Summary

New 10-Year Corporate Lease | Regional Retail Hub | 2-Miles from Bemidji State University (5,400+ Students)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,540 SF
Building Class
B
Year Built
2022
Price
$2,795,000
Price Per SF
$1,100.39
Cap Rate
6.50%
NOI
$181,610
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.99 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Starbucks
  • Retailer
  • -
  • -
  • Triple Net
  • Mar 2035
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Starbucks Retailer - - Triple Net Mar 2035

Links

1 1
Bike Score®
Very Bikeable (74)
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Nearby Major Retailers

Caribou Coffee
Starbucks
Green Mill Restaurant & Bar
Bonanza Steakhouse
Dunn Brothers Coffee

Property Taxes

Parcel Number 80.02653.00 Improvements Assessment $0
Land Assessment $194,900 Total Assessment $194,900

Property Taxes

Parcel Number
80.02653.00
Land Assessment
$194,900
Improvements Assessment
$0
Total Assessment
$194,900
(844) 585-7682

Still interested?

Contact the brokers for more information about this property

Contacts

  • Jeff Lefko
    Jeff Lefko
  • Bill Asher
    Bill Asher
  • Robert Wise
    Robert Wise

  • Listing ID: 37743739

  • Date on Market: 9/19/2025

  • Last Updated:

  • Address: 202 Shevlin SW Ave, Bemidji, MN 56601

More public record information on 202 Shevlin SW Ave, Bemidji, MN 56601

The Retail Property at 202 Shevlin SW Ave, Bemidji, MN 56601 is currently available for Sale. Contact Hanley Investment Group for more information.

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202 Shevlin SW Ave, Bemidji, MN for sale Primary Photo- Image 1 of 4
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202 Shevlin SW Ave, Bemidji, MN for sale Building Photo- Image 2 of 4
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Starbucks | Bemidji, MN | 202 Shevlin SW Ave
(844) 585-7682 x

Starbucks | Bemidji, MN | 202 Shevlin SW Ave

Jeff Lefko
(844) 585-7682

Bill Asher
(844) 585-7684

Robert Wise
(952) 846-9766

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