Caribou/Chinos Kitchen | Worthington, MN

1551 North Humiston Avenue, Worthington, MN

$1,770,000

Price

7.25%

Cap Rate

$128,328

NOI

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Overview
Cap Rate
7.25%
NOI
$128,328
Building Size
3,748 sqft
Lot Area
0.83 acres
Occupancy
100%
Class
A
Lease Type
Triple Net
Year Built
2022/1984
Tenancy
Multiple
Description

CBRE is exclusively offering for sale the fee simple interest in a two-building property located in Worthington, MN. The first building is a new construction, free standing, Caribou Coffee location. Caribou Coffee is the dominant regional coffee brand with more locations throughout the state of Minnesota than both Starbucks and Dunkin Donuts combined. The second building is home to Chino’s Kitchen. The city of Worthington is the county seat of Nobles County and serves as an employment center for several large agriculture, bio science, and manufacturing companies.

Highlights
  • New Drive-Thru Small Format Caribou "Cabin" Concept
  • New 10- Year lease
  • Brand New Construction
  • Dominant Regional Coffee Brand
  • Panera Bread Merger
  • Below Market Rent / Strong Increases
  • Primary Location: Interstate 90 and Minnesota State Highway 60
Documents
Title
Caribou_Worthington_-_OM__updated_.pdf
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Location
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