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Caribou Coffee 897 W. Northwest hwy 664 SF Retail Building Grapevine, TX 76051 $2,250,000 ($3,388.55/SF) 6% Cap Rate
Investment Highlights
- 2025 Construction. 664+/- SF Building on 0.69+/- Acre Site
- 1.5 Miles from Dallas-Fort Worth International Airport (87.8 Million Passengers/Year) – 2nd-Busiest Airport in U.S. and 3rd in the World
- Caribou Coffee is the Second-Largest Premium Coffeehouse in the U.S. with 800 Locations Worldwide in 11 Countries
- Located on the Corner of Northwest Highway & Ball St (34,800+ Combined VPD), just Northeast of TX 114 (104,700+ VPD)
- Densely Populated Area with High Spending Power – 113,000 Residents w/ Avg. HH Income of nearly $220,000 w/in 5 Miles
- Grapevine | Located in the Heart of the DFW Metroplex | Population: 51,300+; MSA: 8.7M+
Executive Summary
15-Year Corporate Net Lease with JAB Holding Company; 10% Rent Increases Every 5-Yrs. in Primary & Option Periods
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
664 SF
Year Built
2025
Price
$2,250,000
Price Per SF
$3,388.55
Cap Rate
6%
NOI
$135,010
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
0.69 AC
Zoning
F1 - Commercial
Walk Score®
Very Walkable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 06473962 | Improvements Assessment | $213,862 |
| Land Assessment | $360,732 | Total Assessment | $574,594 |
Property Taxes
Parcel Number
06473962
Land Assessment
$360,732
Improvements Assessment
$213,862
Total Assessment
$574,594
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Caribou Coffee | 897 W. Northwest hwy
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