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Caribou Coffee 2521 Eastchester Dr 624 SF Retail Building High Point, NC 27265 $1,976,000 ($3,166.67/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- New 2025 construction | Desirable lease term | 9 years remaining
- Great visibility from Eastchester Dr | 46,000 VPD
- Large industrial presence nearby | 2.8M SF of space within a 2-mile radius
- Corporate lease | Caribou Coffee Operating Company | 335 corporately owned stores across the U.S.
- Located inside of dense retail corridor | 1.2M SF within a 2-mile radius
- Affluent surrounding area | $124,512 average household income within a 3-mile radius
EXECUTIVE SUMMARY
Carl Brendes and Ransome Foose of Berkeley Capital Advisors are pleased to present for sale Caribou Coffee in High Point, NC. We welcome your review of this attractive investment.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Fast Food
Building Size
624 SF
Building Class
C
Year Built
2025
Price
$1,976,000
Price Per SF
$3,166.67
Cap Rate
6.25%
NOI
$123,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.62 AC
Zoning
Commercial
Parking
15 Spaces (24.04 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0196569 | Improvements Assessment | $386,600 |
| Land Assessment | $483,500 | Total Assessment | $870,100 |
PROPERTY TAXES
Parcel Number
0196569
Land Assessment
$483,500
Improvements Assessment
$386,600
Total Assessment
$870,100
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Caribou Coffee | 2521 Eastchester Dr
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