Sioux Falls, SD - Caribou Coffee (Highline)

Description:

• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation
• Caribou Coffee has 335 company-owned, 140 non-traditional, and 361 franchise coffeehouses in 11 countries as of Dec. 31, 2024, they are focused on smart growth, while staying true to their purpose

• The site is in close proximity to Dawley Farm Village, a 280,000 SF development, that is anchored by Target, Petsmart, Kohl’s, and more
• Other nearby national/credit tenants include Walmart, Culver’s, Burger King, Walgreens, Ace Hardware, and many more