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Starbucks | Bemidji, MN 202 Shevlin SW Ave 2,540 SF Retail Building Bemidji, MN 56601 $3,820,905 CAD ($1,504.29 CAD/SF) 6.50% Cap Rate

Retail Spaces Minnesota Bemidji 202 Shevlin SW Ave, Bemidji, MN 56601

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Investment Highlights

  • New-Construction Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Drive-Thru
  • 10% Rental Increases Every 5 Years During the Primary Term and Each of the Four 5-Year Options
  • Market Dominant Tenant: The subject property is one of two freestanding Starbucks locations in Bemidji
  • New 10-Year Lease
  • One of the “World’s Most Admired Companies” by Fortune (2009-2024)
  • Regional Retail Hub: Bemidji serves as the dominant retail center for Northern Minnesota

Executive Summary

New 10-Year Corporate Lease | Regional Retail Hub | 2-Miles from Bemidji State University (5,400+ Students)

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,540 SF
Building Class
B
Year Built
2022
Price
$3,820,905 CAD
Price Per SF
$1,504.29 CAD
Cap Rate
6.50%
NOI
$248,270 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.99 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Starbucks
  • Retailer
  • -
  • -
  • Triple Net
  • Mar 2035
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Starbucks Retailer - - Triple Net Mar 2035

Links

1 1
Bike Score®
Very Bikeable (74)
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Nearby Major Retailers

Caribou Coffee
Starbucks
Green Mill Restaurant & Bar
Bonanza Steakhouse
Dunn Brothers Coffee

Property Taxes

Parcel Number 80.02653.00 Improvements Assessment $0 CAD
Land Assessment $266,777 CAD Total Assessment $266,777 CAD

Property Taxes

Parcel Number
80.02653.00
Land Assessment
$266,777 CAD
Improvements Assessment
$0 CAD
Total Assessment
$266,777 CAD
(844) 585-7682

Still interested?

Contact the brokers for more information about this property

Contacts

  • Jeff Lefko
    Jeff Lefko
  • Bill Asher
    Bill Asher
  • Robert Wise
    Robert Wise

  • Listing ID: 37743739

  • Date on Market: 2025-09-19

  • Last Updated:

  • Address: 202 Shevlin SW Ave, Bemidji, MN 56601

The Retail Property at 202 Shevlin SW Ave, Bemidji, MN 56601 is currently available for Sale. Contact Hanley Investment Group for more information.

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202 Shevlin SW Ave, Bemidji, MN for sale Primary Photo- Image 1 of 4
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202 Shevlin SW Ave, Bemidji, MN for sale Building Photo- Image 2 of 4
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202 Shevlin SW Ave, Bemidji, MN for sale Building Photo- Image 3 of 4
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Starbucks | Bemidji, MN | 202 Shevlin SW Ave
(844) 585-7682 x

Starbucks | Bemidji, MN | 202 Shevlin SW Ave

Jeff Lefko
(844) 585-7682

Bill Asher
(844) 585-7684

Robert Wise
(952) 846-9766

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