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Caribou Coffee 216 Hufman mill Rd 1,551 SF Retail Building Burlington, NC 27215 $2,481,946 CAD ($1,600.22 CAD/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- ATTRACTIVE LEASE FUNDAMENTALS
- CLOSE PROXIMITY TO ELON UNIVERSITY
- POSITIONED IN A DENSE RETAIL NODE
EXECUTIVE SUMMARY
ATTRACTIVE LEASE FUNDAMENTALS
- 11 year lease provides next owner with stable cash flow for the next decade
- 10% rental increases in primary term and in option periods
- Three (3) five (5) year option periods
NAME BRAND TENANT
- Caribou Coffee has over 700 locations worldwide
- Caribou Coffee is a subsidiary of Panera Brands (parent company of Panera Bread and Einstein Bagels)
ADJACENT TO MAJOR LOGISTICS AND COMMUTER INTERSTATE
- This 30 mile stretch of interstate is the only time that I-85 and I-40 merge into a single route
- Interstate 40/85 has over 126K vehicles per day
- Both interstates are considered one of the busiest trucking routes in the nation
POSITIONED IN A DENSE RETAIL NODE
- Over 2.6M SF of retail space located within a 1-mile radius of the site
- Nearby National Retail Tenants Include: Lowe’s Home Improvement, Walmart Supercenter, Publix Supermarket, Academy Sports + Outdoors, Hobby Lobby and more
CLOSE PROXIMITY TO ELON UNIVERSITY
- Located just 2.5 miles from the center of Elon Universities campus
- Elon University has over 7,200 students and more than 500 full-time faculty members
- Elon generates an annual economic impact of $696 million dollars supporting over 7,400 jobs
ACROSS THE STREET FROM TOP PERFORMING REGIONAL MALL
- Located across the street from Holly Mill Mall, a 385K SF Regional Mall
- Anchored By Dunham’s Sports and Publix, the Mall hosts over 3.7M visitors annually (Placer.ai), ranking it in the top 87Th percentile of all regional malls in the state and 72nd percentile in the country
- 11 year lease provides next owner with stable cash flow for the next decade
- 10% rental increases in primary term and in option periods
- Three (3) five (5) year option periods
NAME BRAND TENANT
- Caribou Coffee has over 700 locations worldwide
- Caribou Coffee is a subsidiary of Panera Brands (parent company of Panera Bread and Einstein Bagels)
ADJACENT TO MAJOR LOGISTICS AND COMMUTER INTERSTATE
- This 30 mile stretch of interstate is the only time that I-85 and I-40 merge into a single route
- Interstate 40/85 has over 126K vehicles per day
- Both interstates are considered one of the busiest trucking routes in the nation
POSITIONED IN A DENSE RETAIL NODE
- Over 2.6M SF of retail space located within a 1-mile radius of the site
- Nearby National Retail Tenants Include: Lowe’s Home Improvement, Walmart Supercenter, Publix Supermarket, Academy Sports + Outdoors, Hobby Lobby and more
CLOSE PROXIMITY TO ELON UNIVERSITY
- Located just 2.5 miles from the center of Elon Universities campus
- Elon University has over 7,200 students and more than 500 full-time faculty members
- Elon generates an annual economic impact of $696 million dollars supporting over 7,400 jobs
ACROSS THE STREET FROM TOP PERFORMING REGIONAL MALL
- Located across the street from Holly Mill Mall, a 385K SF Regional Mall
- Anchored By Dunham’s Sports and Publix, the Mall hosts over 3.7M visitors annually (Placer.ai), ranking it in the top 87Th percentile of all regional malls in the state and 72nd percentile in the country
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
1,551 SF
Building Class
B
Year Built/Renovated
2003/2025
Price
$2,481,946 CAD
Price Per SF
$1,600.22 CAD
Cap Rate
6.75%
NOI
$167,510 CAD
Tenancy
Single
Building Height
1 Story
Slab To Slab
13’
Building FAR
0.05
Lot Size
0.65 AC
Zoning
B 2 - Transitional Commercial District
Parking
15 Spaces (9.67 Spaces per 1,000 SF Leased)
Frontage
91’ on huffman mill
AMENITIES
- Bus Line
- Signage
- Drive Thru
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Caribou Coffee
- Accommodation and Food Services
- 1,551 SF
- -
- Triple Net
- Jun 2036
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Caribou Coffee | Accommodation and Food Services | 1,551 SF | - | Triple Net | Jun 2036 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 113767 | Improvements Assessment | $608,307 CAD |
| Land Assessment | $645,267 CAD | Total Assessment | $1,253,574 CAD |
PROPERTY TAXES
Parcel Number
113767
Land Assessment
$645,267 CAD
Improvements Assessment
$608,307 CAD
Total Assessment
$1,253,574 CAD
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Caribou Coffee | 216 Hufman mill Rd
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