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Caribou Coffee 216 Hufman mill Rd 1,551 SF Retail Building Burlington, NC 27215 $1,714,000 ($1,105.09/SF) 7% Cap Rate
Investment Highlights
- New 11-Year Lease with 10% Increases Every 5 Years, Limited Landlord Responsibilities
- Caribou Merged with Panera Bread and Einstein Bagels to Form Panera Brands, a Subsidiary of JAB Holding Group (Investment-Grade Credit Rating)
- Serving Over 102,000 Residents in Growing Suburb Between the Piedmont Triad and Research Triangle Regions
- Corporate Guaranty, 800+ Locations Globally in 11 Countries (360+/- Corporate Stores in U.S.)
- 2024 Full Renovation, Larger “Chalet” Prototype with Drive-Thru/Café/Patio Format
- Surrounded by Residential Developments, 25,000 Building Lots Approved for Development
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,551 SF
Building Class
B
Year Built/Renovated
2003/2025
Price
$1,714,000
Price Per SF
$1,105.09
Cap Rate
7%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Slab To Slab
13’
Building FAR
0.05
Lot Size
0.65 AC
Zoning
B 2 - Transitional Commercial District
Parking
15 Spaces (9.67 Spaces per 1,000 SF Leased)
Frontage
91’ on huffman mill
Amenities
- Bus Line
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 113767 | Improvements Assessment | $431,696 |
| Land Assessment | $457,925 | Total Assessment | $889,621 |
Property Taxes
Parcel Number
113767
Land Assessment
$457,925
Improvements Assessment
$431,696
Total Assessment
$889,621
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Caribou Coffee | 216 Hufman mill Rd
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