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- LoopNet Team
701 3rd Ave NE
Buffalo, MN 55313
Caribou Coffee · Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Signage
- Signalized Intersection
- Drive Thru
ABOUT 701 3RD AVE NE , BUFFALO, MN 55313
Marcus & Millichap is pleased to exclusively present the opportunity to acquire the Caribou Coffee in Buffalo, Minnesota. The subject property was built-to-suit for Caribou Coffee in 2016. The initial lease was a rare 15-year NNN lease whereas most of the Caribous trading in today’s market have 10-year initial terms. The property is ideally located along Highway 55, the main thoroughfare through Buffalo. The property sits on a hard, lighted intersection on the “to work” side of the road giving the nearly 17,000 vehicles that drive by the site everyday easy access to get their morning coffee. Caribou Coffee was founded in 1992 in Edina, Minnesota. As of 2015, Caribou Coffee is the second largest company-operated premium coffeehouse in the United States with more than 273 company owned stores. In 2015, the company was acquired by BBB+ S&P Rated JAB Holding Company which operates several notable brands such as Panera and Keurig Dr. Pepper.
PROPERTY TAXES
| Parcel Number | 103-246-001010 | Improvements Assessment | $577,000 |
| Land Assessment | $345,100 | Total Assessment | $922,100 |
PROPERTY TAXES
