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Caribou Coffee "Cabin" | Fon du Lac, WI 929 S Main St 554 SF Retail Building Fond Du Lac, WI 54935 $1,250,000 ($2,256.32/SF) 7.04% Cap Rate
Investment Highlights
- New Drive-Thru Small Format “Cabin” Concept.
- Property is located in the primary retail corridor of E Pioneer Rd and S Main St with over 11,200 VPD.
- Minnesota/Wisconsin has the highest concentration of Caribou locations nationally.
- Caribou Coffee signed a 10 year lease commencing in July of 2023, and has 7 years of term remaining.
- In the fall of 2021, Caribou Coffee merged with Panera Bread and Einstein Bros. Bagels to form Panera Brands.
- This location capitalizes on high traffic flow next to Interstate 41 with nearly 42,600 VPD by the subject property.
Executive Summary
This site is Caribou Coffee’s “Cabin” concept, featuring the new drive-up and walkup only format. Caribou has aggressively expanded its store count with multiple new “Cabin” locations throughout the Midwest.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
554 SF
Building Class
C
Year Built
2023
Price
$1,250,000
Price Per SF
$2,256.32
Cap Rate
7.04%
NOI
$88,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
0.26 AC
Parking
8 Spaces (14.44 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | FDL-15-17-22-42-259-02 | Improvements Assessment | $376,000 |
| Land Assessment | $105,400 | Total Assessment | $481,400 |
Property Taxes
Parcel Number
FDL-15-17-22-42-259-02
Land Assessment
$105,400
Improvements Assessment
$376,000
Total Assessment
$481,400
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Caribou Coffee "Cabin" | Fon du Lac, WI | 929 S Main St
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