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Caribou Coffee 216 Hufman mill Rd 1,551 SF Retail Building Burlington, NC 27215 $2,349,534 CAD ($1,514.85 CAD/SF) 7% Cap Rate
Investment Highlights
- New 11-Year Lease with 10% Increases Every 5 Years, Limited Landlord Responsibilities
- Caribou Merged with Panera Bread and Einstein Bagels to Form Panera Brands, a Subsidiary of JAB Holding Group (Investment-Grade Credit Rating)
- Serving Over 102,000 Residents in Growing Suburb Between the Piedmont Triad and Research Triangle Regions
- Corporate Guaranty, 800+ Locations Globally in 11 Countries (360+/- Corporate Stores in U.S.)
- 2024 Full Renovation, Larger “Chalet” Prototype with Drive-Thru/Café/Patio Format
- Surrounded by Residential Developments, 25,000 Building Lots Approved for Development
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
$2,349,534 CAD
Price Per SF
$1,514.85 CAD
Cap Rate
7%
NOI
$164,495 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
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 113767 | Improvements Assessment | $588,376 CAD |
| Land Assessment | $624,124 CAD | Total Assessment | $1,212,500 CAD |
Property Taxes
Parcel Number
113767
Land Assessment
$624,124 CAD
Improvements Assessment
$588,376 CAD
Total Assessment
$1,212,500 CAD
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Caribou Coffee | 216 Hufman mill Rd
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