Restaurant
Caribou Coffee w/ Drive-Thru | 11-Year Corporate Lease
216 Huffman Mill Rd, Burlington (Greensboro MSA), NC 27215
Listing Price: $1,714,000
Cap Rate
7.00%
Tenant Name
Caribou Coffee
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
1,551
Lease Type
Double Net
Rent Per Square Feet
$77.37
Investment Overview
Marcus & Millichap is pleased to present the Caribou Coffee in Burlington, NC.
Caribou Coffee w/ Drive-Thru | 11-Year Corporate Lease
Investment Highlights
- New 11-Year Lease with 10% Increases Every 5 Years, Limited Landlord Responsibilities
- Corporate Guaranty, 800+ Locations Globally in 11 Countries (360+/- Corporate Stores in U.S.)
- Caribou Merged with Panera Bread and Einstein Bagels to Form Panera Brands, a Subsidiary of JAB Holding Group (Investment-Grade Credit Rating)
- 2024 Full Renovation, Larger "Chalet" Prototype with Drive-Thru/Café/Patio Format
- Serving Over 102,000 Residents in Growing Suburb Between the Piedmont Triad and Research Triangle Regions
- Surrounded by Residential Developments, 25,000 Building Lots Approved for Development
- Across from Publix and Holly Hill Mall, a Top-Performing Regional Mall with 3.7+ Million Visitors Annually
- Minutes to Alamance Crossing with 7.5 Million Visitors Annually, Top 1% of Centers in North Carolina in Terms of Foot Traffic
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- Washington D.C./Virgina/Maryland
Restaurant
Caribou Coffee w/ Drive-Thru | 11-Year Corporate Lease
Listing Price: $1,714,000
Cap Rate
7.00%
Tenant Name
Caribou Coffee
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
1,551
Lease Type
Double Net
Rent Per Square Feet
$77.37
Investment Highlights
- New 11-Year Lease with 10% Increases Every 5 Years, Limited Landlord Responsibilities
- Corporate Guaranty, 800+ Locations Globally in 11 Countries (360+/- Corporate Stores in U.S.)
- Caribou Merged with Panera Bread and Einstein Bagels to Form Panera Brands, a Subsidiary of JAB Holding Group (Investment-Grade Credit Rating)
- 2024 Full Renovation, Larger "Chalet" Prototype with Drive-Thru/Café/Patio Format
- Serving Over 102,000 Residents in Growing Suburb Between the Piedmont Triad and Research Triangle Regions
- Surrounded by Residential Developments, 25,000 Building Lots Approved for Development
- Across from Publix and Holly Hill Mall, a Top-Performing Regional Mall with 3.7+ Million Visitors Annually
- Minutes to Alamance Crossing with 7.5 Million Visitors Annually, Top 1% of Centers in North Carolina in Terms of Foot Traffic
Investment Overview
Marcus & Millichap is pleased to present the Caribou Coffee in Burlington, NC.
Exclusively Listed By
Broker of Record
-
Charles Gallagher
Senior Director, Market Leader- Washington D.C./Virgina/Maryland
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