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Caribou Coffee 897 W Northwest Hwy 664 SF Retail Building Grapevine, TX 76051 $3,077,280 CAD ($4,634.46 CAD/SF) 6% Cap Rate
Investment Highlights
- 2025 Construction. 664+/- SF Building on 0.69+/- Acre Site
- 1.5 Miles from Dallas-Fort Worth International Airport (87.8 Million Passengers/Year) – 2nd-Busiest Airport in U.S. and 3rd in the World
- Caribou Coffee is the Second-Largest Premium Coffeehouse in the U.S. with 800 Locations Worldwide in 11 Countries
- Located on the Corner of Northwest Highway & Ball St (34,800+ Combined VPD), just Northeast of TX 114 (104,700+ VPD)
- Densely Populated Area with High Spending Power – 113,000 Residents w/ Avg. HH Income of nearly $220,000 w/in 5 Miles
- Grapevine | Located in the Heart of the DFW Metroplex | Population: 51,300+; MSA: 8.7M+
Executive Summary
15-Year Corporate Net Lease with JAB Holding Company; 10% Rent Increases Every 5-Yrs. in Primary & Option Periods
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
664 SF
Building Class
B
Year Built
2023
Price
$3,077,280 CAD
Price Per SF
$4,634.46 CAD
Cap Rate
6%
NOI
$184,650 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.47 AC
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06473962 | Improvements Assessment | $292,499 CAD |
| Land Assessment | $493,373 CAD | Total Assessment | $785,872 CAD |
Property Taxes
Parcel Number
06473962
Land Assessment
$493,373 CAD
Improvements Assessment
$292,499 CAD
Total Assessment
$785,872 CAD
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Caribou Coffee | 897 W Northwest Hwy
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