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Caribou Coffee 5955 Rufe Snow Dr 664 SF Retail Building Watauga, TX 76148 $1,917,000 ($2,887.05/SF) 6% Cap Rate
Investment Highlights
- 2022 Construction/2025 Renovation. 664+/- SF Building on 0.51+/- Acre Site
- 15 Miles from Fort Worth Alliance Airport and 12 Miles from Downtown Fort Worth
- Caribou Coffee is the Second-Largest Premium Coffeehouse in the U.S. with 800 Locations Worldwide in 11 Countries
- Hard Corner Located at a Light Along Rufe Snow Drive (25,772 VPD), just North of I-820 (42,411 VPD) & East of Denton Highway (41,582 VPD)
- Over 301,690 Residents & Average HH Income Over $128,200 w/in a Fast-Growing Radius
- Watauga | In Fort Worth MSA - Fastest Growing Large City in 2024 | Population: 23,050+
Executive Summary
Rare 15-Year Corporate Net Lease w/ JAB Holding Company, w/ 10% Rent Increases Every 5-Yrs. & During the Option Periods
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
664 SF
Building Class
B
Year Built
2022
Price
$1,917,000
Price Per SF
$2,887.05
Cap Rate
6%
NOI
$115,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.51 AC
Zoning
F1 - Commercial
Walk Score®
Very Walkable (71)
Nearby Major Retailers
Property Taxes
| Parcel Number | 07157215 | Improvements Assessment | $211,441 |
| Land Assessment | $602,559 | Total Assessment | $814,000 |
Property Taxes
Parcel Number
07157215
Land Assessment
$602,559
Improvements Assessment
$211,441
Total Assessment
$814,000
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Caribou Coffee | 5955 Rufe Snow Dr
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