Marshall, MN - Caribou Coffee

Description:

• The tenant has 9+ years of base term with 3 (5-year) options to extend
• The lease features 10% rental increases every 5 years
• The lease is signed by Caribou Coffee Operating Company, Inc.
• Caribou Coffee is a subsidiary of JAB Holding Company, a partner-led investment firm with over $35 billion in AUM
• Founded in 1992, Caribou Coffee is among the largest coffee chains in the United States with over 750 locations

• Caribou Coffee is ideally situated within a dense retail corridor
• The surrounding tenants include Ashley Furniture, McDonald’s, ALDI, O’Reilly Auto Parts, Hobby Lobby, and Hy-Vee, among many others
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the site
• The asset is directly across from Southwest Minnesota State University, a four-year public university with approximately 8,700 students enrolled
• The subject benefits from direct access to Avera Marshall Regional Medical Center, a 111-bed emergency care center and outpatient services center dedicated to providing world-class care