Caribou Coffee "Cabin" St. Peter | Minnesota

$1,257,142

804 North Minnesota Avenue, Saint Peter, MN 56082

For Sale

Retail Free Standing

Active

Last Updated: 08/01/2025

Details:

Cap Rate: 7%

NOI: $88,000

Building Size: 550 sqft

Lot Area: 0.47 acres

Occupancy: 100%

Year Built: 2019

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:

This site is Caribou Coffee’s “Cabin” concept, featuring the new drive-up and walkup only format.
Caribou Coffee signed a 12-year lease with attractive rent increases in Year 6, 11 and in each option period.
St. Peter is home to the 340 acre college campus of Gustavus Adolphus.
Minnesota has the highest concentration of Caribou Locations nationally.
This location capitalizes on high traffic flow directly on US-169 with nearly 22,000 VPD by the subject property.
Highest Traffic Counts of Any Two-Lane Road in South-Central Minnesota: Highway 169 also connects St. Peter and Mankato along the city’s west side.

Description:

This site is Caribou Coffee’s “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 12-year lease with attractive rent increases in Year 6, 11, and in each option period. Minnesota has the highest concentration of Caribou Locations nationally.