Log In/Sign Up
Your email has been sent.
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
Contacts
-
Phil Sambazis -
Brandon Hanks -
Cormac O'Brien -
Charles Gallagher -
Marcus & Millichap
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Caribou Coffee | 216 Hufman mill Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.