Caribou Coffee "Cabin" | Coon Rapids

$1,143,000

1560 Coon Rapids Boulevard, Minneapolis, MN 55433

For Sale

Retail Free Standing

Active

Last Updated: 07/23/2025

Details:

Cap Rate: 7%

NOI: $80,000

Building Size: 554 sqft

Lot Area: 0.86 acres

Occupancy: 100%

Year Built: 2021

Tenancy: Single

Offered by

Aj Prins

First Vice President

CBRE Retail Capital Markets @ Minneapolis

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Sean Doyle

First Vice President

CBRE Retail Capital Markets @ Minneapolis

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Highlights:

New Drive-Thru Small Format “Cabin” Concept
10-Year Lease
History of strong unit level performance with sales that significantly exceed the system average(contact broker for details)
Coon Rapid’s Highest Traffic Corridor
Dominant Brand: Minnesota has the highest concentration of Caribou Locations nationally
Property is Located Near the Intersection of Coon Rapids Blvd and Egret Blvd NW
Coon Rapid’s Highest Traffic Corridor

Description:

This site is Caribou Coffee’s new “Cabin” concept, featuring the new drive-up and walk-up only format. Caribou has aggressively expanded its store count with multiple new “Cabin” locations throughout the Midwest. Caribou Coffee signed a 10-year lease with attractive rent increases in Year 6 and in each option period. This location capitalizes on high traffic flow near the intersection of Coon Rapids Blvd and Egret Blvd NW with over 25,000 VPD near the subject property. The subject property has a history of strong unit-level performance with sales that significantly exceed the system average (contact broker for details).