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Caribou Coffee "Cabin" Appleton | Northland 2120 E Northland Ave

625 SF 4-Star Retail Building Appleton, WI 54911 $1,745,000 ($2,792/SF) 6.65% Cap Rate

Retail Space Wisconsin Appleton 2120 E Northland Ave, Appleton, WI 54911

Investment Highlights

  • New Drive-Thru Small Format “Cabin” Concept
  • The building is new construction built-to-suit according to Caribou Coffee’s specifications.
  • Wisconsin has the second highest concentration of Caribou Locations nationally.
  • Caribou Coffee signed a 10-year lease with attractive rent increases in Year 6 and in each option period.
  • In the fall of 2021, Caribou Coffee merged with Panera Bread and Einstein Bros. Bagels to form Panera Brands. Panera Brands consist of 4,000 units in
  • Appleton is part of the Fox Cities Metropolitan Area, the third largest in the state behind Milwaukee and Madison.

Executive Summary

CBRE is exclusively offering for sale the fee simple interest to a new construction, free standing, Caribou Coffee located in Appleton Wisconsin. Caribou Coffee is the dominant regional coffee brand. Wisconsin has the second highest concentration of Caribou locations nationally. The city of Appleton has a population of over 150,000 people. 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.

Attachments

Caribou Appleton - Northland OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
625 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2024
Price
$1,745,000
Price Per SF
$2,792
Cap Rate
6.65%
NOI
$116,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Land Acres
1.37 AC
Zoning
C2
1 of 1

PROPERTY TAXES

Parcel Number 31-1-6640-12 Improvements Assessment $407,600
Land Assessment $314,200 Total Assessment $721,800

PROPERTY TAXES

Parcel Number
31-1-6640-12
Land Assessment
$314,200
Improvements Assessment
$407,600
Total Assessment
$721,800
  • AJ Prins
    AJ Prins
  • Sean Doyle
    Sean Doyle
  • Patrick Gallagher
    Power Broker Patrick Gallagher
(952) 210-0484

  • Listing ID: 32015159

  • Date on Market: 6/4/2024

  • Last Updated:

  • Address: 2120 E Northland Ave, Appleton, WI 54911

More public record information on 2120 E Northland Ave, Appleton, WI 54911

The Retail Property at 2120 E Northland Ave, Appleton, WI 54911 is currently available For Sale. Contact CBRE for more information.

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Caribou Coffee "Cabin" Appleton | Northland | 2120 E Northland Ave
(952) 210-0484 x

Caribou Coffee "Cabin" Appleton | Northland | 2120 E Northland Ave

1/3

AJ Prins

(952) 210-0484

(952) 210-0484

Sean Doyle

(952) 924-4600

(952) 924-4600

Patrick Gallagher

(414) 273-0880

(414) 273-0880

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