Caribou Coffee
Woodbury, MN 55119
Retail Property For Sale

We are pleased to offer to qualified investors an opportunity to purchase (fee simple) a single tenant net lease investment that is fully occupied by Caribou Coffee Compnay, Inc. with 9 years remaining on an original 10 y ear corporate lease. This lease provides investors long term secure cash flow from a national coffee & bagel tenant along with a hedge against inflation from attractive 10% rental increases every 5 years. Located 5 miles from downtown St. Paul, MN and positioned just off Inter state 94; this offering is very well located to take advantage of the 156,000 VPD that travel by the subject property at the intersection of I-94 and Century Avenue. Additionally, the property is part of a larger mixed use development that includes a Country Inn & Suites by Radisson as well as office, retail and senior care center which provide a synergistic effect for the subject property. This is a rare opportunity to buy a national coffee & bagel tenant, in a desirable retail location just off I-94, with excellent supporting fundamentals, and secure long term income with schedule rent increases throughout the base term and options.