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4905 Highway 13 W
Savage, MN 55378
Retail Property For Sale
Investment Highlights
- Caribou Coffee has just over 8 years remaining on their original 10-year lease, which features 10% rent escalations every five years
- Caribou Coffee is the market-dominant coffee chain in Minnesota, with more locations than Starbucks and Dunkin’ Donuts combined
- The building was fully renovated in 2022 with distinct design elements according Caribou Coffee’s specifications
- The investment also includes a Chase Bank ATM that has just over 3 years remaining on the original 5-year lease
- Within a three-mile radius, the average household income is $127,000, 18% higher than the national average
- The property benefits from a clear, unobstructed view from MN-13, which carries approximately 54,000 vehicles per day in the area
Property Facts
Property Type
Retail
Property Subtype
Building Size
554 SF
Building Class
B
Year Built/Renovated
1960/2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.54 AC
Parking
9 Spaces (16.25 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Numbers | Improvements Assessment | $332,000 | |
| Land Assessment | $301,900 | Total Assessment | $633,900 |
Property Taxes
Parcel Numbers
Land Assessment
$301,900
Improvements Assessment
$332,000
Total Assessment
$633,900
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