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Caribou Coffee | New 12yr Corp NN 301 W Roosevelt Blvd 1,432 SF Retail Building Monroe, NC 28110 $2,791,840 CAD ($1,949.61 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 12-Year Lease | Scheduled Rental Increases | Established Brand
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby Schools & Hospital
- Strong Demographics in 5-mile Trade Area
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Signalized, Hard Corner Intersection (57,500 VPD) | Excellent Visibility & Access
EXECUTIVE SUMMARY
• The tenant just signed a brand new 12-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% increases every 5 years during the initial term of the lease and options thereafter, growing NOI and hedging against inflation
• Caribou Coffee has 335 company-owned, 140 non-traditional, and 361 franchise coffeehouses in 11 countries as of Dec. 31, 2024, they are focused on smart growth, while staying true to their purpose
• 1,432 SF Caribou Coffee on 1.16 Acres - significantly larger than the brand’s 500-600SF Cabin prototypes, offering greater capacity on a rare oversized parcel with long-term real estate value
• The lease features 10% increases every 5 years during the initial term of the lease and options thereafter, growing NOI and hedging against inflation
• Caribou Coffee has 335 company-owned, 140 non-traditional, and 361 franchise coffeehouses in 11 countries as of Dec. 31, 2024, they are focused on smart growth, while staying true to their purpose
• 1,432 SF Caribou Coffee on 1.16 Acres - significantly larger than the brand’s 500-600SF Cabin prototypes, offering greater capacity on a rare oversized parcel with long-term real estate value
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,432 SF
Building Class
C
Year Built/Renovated
2002/2025
Price
$2,791,840 CAD
Price Per SF
$1,949.61 CAD
Cap Rate
6.50%
NOI
$181,470 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
1.16 AC
Opportunity Zone
Yes
Zoning
General Commercial
Parking
22 Spaces (15.36 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-188-108-A | Improvements Assessment | $580,595 CAD |
| Land Assessment | $943,327 CAD | Total Assessment | $1,523,922 CAD |
PROPERTY TAXES
Parcel Number
09-188-108-A
Land Assessment
$943,327 CAD
Improvements Assessment
$580,595 CAD
Total Assessment
$1,523,922 CAD
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Caribou Coffee | New 12yr Corp NN | 301 W Roosevelt Blvd
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