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929 S Main St
Fond Du Lac, WI 54935
Caribou Coffee Cabin · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Anchored by Caribou Coffee, a Midwest favorite with 800+ locations, delivering a strong brand presence and reliable revenue
- Tenant handles taxes, insurance, & most maintenance, with landlord responsibilities limited to roof, structure, and foundation for minimal oversight
- 10% rent escalations every five years provide steady rent growth through the initial term and three 5-year options
- » Caribou’s drive-thru cabin design and high-quality offerings draw loyal customers, ensuring consistent performance.
EXECUTIVE SUMMARY
Prime Retail Corridor: Positioned on S Main St, the site captures 13,200 daily vehicles in Fond du Lac’s bustling retail hub. Nearby anchors like Walmart, Kohl’s, and Festival Foods drive consistent consumer traffic. Its high-visibility corner location ensures long-term value stability.
Net Lease Structure: Caribou is responsible for taxes, insurance, and maintenance, excluding roof, structure, and foundation, which are landlord obligations. The 10-year lease with three 5-year options offers up to 25 years of income. Rent escalates 10% every five years for reliable growth.
Robust Coffee Demand: Specialty coffee thrives in Fond du Lac, with a 5-mile population of 57,118 and strong visitation to quick-service restaurants. The site’s accessibility and retail synergy boost patronage. Caribou’s drive-thru focus aligns with local demand for convenience.
Recent 2023 Construction: Built in 2023, the 554 SF cabin features Caribou’s modern drive-thru design for efficiency. The parcel supports smooth customer flow and parking. Contemporary construction reduces near-term capital needs for investors.
Stable Demographics: The 5-mile radius boasts a median household income of $64,278, projected to reach $73,307 by 2029. With 2.26 average household size, the market suits Caribou’s broad appeal. Population stability ensures sustained coffee demand.
Strategic Location: Near US-41 (42,000 AADT) and W Pioneer Rd (13,700 AADT), the site offers easy access. Located 1 mile from Fond du Lac High School, with 2,000+ students, it captures consistent traffic. Proximity to Agnesian HealthCare, with 146 beds, drives additional visitation.
Beneficial Proximity to Well-Attended Schools: This Caribou Coffee is located less than 5 miles from University of Wisconsin Oshkosh-Fond du Lac (13,705 students), Fond du Lac High School (2,000+ students), Riverside Elementary School (300 students) and Waters Elementary School (390 students), providing a reliable customer base.
Net Lease Structure: Caribou is responsible for taxes, insurance, and maintenance, excluding roof, structure, and foundation, which are landlord obligations. The 10-year lease with three 5-year options offers up to 25 years of income. Rent escalates 10% every five years for reliable growth.
Robust Coffee Demand: Specialty coffee thrives in Fond du Lac, with a 5-mile population of 57,118 and strong visitation to quick-service restaurants. The site’s accessibility and retail synergy boost patronage. Caribou’s drive-thru focus aligns with local demand for convenience.
Recent 2023 Construction: Built in 2023, the 554 SF cabin features Caribou’s modern drive-thru design for efficiency. The parcel supports smooth customer flow and parking. Contemporary construction reduces near-term capital needs for investors.
Stable Demographics: The 5-mile radius boasts a median household income of $64,278, projected to reach $73,307 by 2029. With 2.26 average household size, the market suits Caribou’s broad appeal. Population stability ensures sustained coffee demand.
Strategic Location: Near US-41 (42,000 AADT) and W Pioneer Rd (13,700 AADT), the site offers easy access. Located 1 mile from Fond du Lac High School, with 2,000+ students, it captures consistent traffic. Proximity to Agnesian HealthCare, with 146 beds, drives additional visitation.
Beneficial Proximity to Well-Attended Schools: This Caribou Coffee is located less than 5 miles from University of Wisconsin Oshkosh-Fond du Lac (13,705 students), Fond du Lac High School (2,000+ students), Riverside Elementary School (300 students) and Waters Elementary School (390 students), providing a reliable customer base.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
554 SF
Building Class
C
Year Built
2023
Price
$1,674,021 CAD
Price Per SF
$3,021.70 CAD
Cap Rate
7.25%
NOI
$121,373 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
1.16 AC
Parking
8 Spaces (14.44 Spaces per 1,000 SF Leased)
AMENITIES
- Drive Thru
PROPERTY TAXES
| Parcel Number | FDL-15-17-22-42-259-02 | Improvements Assessment | $395,201 CAD |
| Land Assessment | $126,310 CAD | Total Assessment | $521,511 CAD |
PROPERTY TAXES
Parcel Number
FDL-15-17-22-42-259-02
Land Assessment
$126,310 CAD
Improvements Assessment
$395,201 CAD
Total Assessment
$521,511 CAD
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