Caribou Coffee W Drivethru 11Year Corporate Lease — Sale in Burlington (Greensboro Msa), NC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Burlington (Greensboro Msa), NC 27215

Investment Figures

Cap rate
7.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the Caribou Coffee in Burlington, NC. Investment Highlights: • New 11-Year Lease with 10% Increases Every 5 Years, Limited Landlord Responsibilities • Corporate Guaranty, 800+ Locations Globally in 11 Countries (360+/- Corporate Stores in U.S.) • Caribou Merged with Panera Bread and Einstein Bagels to Form Panera Brands, a Subsidiary of JAB Holding Group (Investment-Grade Credit Rating) • 2024 Full Renovation, Larger "Chalet" Prototype with Drive-Thru/Café/Patio Format • Serving Over 102,000 Residents in Growing Suburb Between the Piedmont Triad and Research Triangle Regions • Surrounded by Residential Developments, 25,000 Building Lots Approved for Development • Across from Publix and Holly Hill Mall, a Top-Performing Regional Mall with 3.7+ Million Visitors Annually • Minutes to Alamance Crossing with 7.5 Million Visitors Annually, Top 1% of Centers in North Carolina in Terms of Foot Traffic

Market Context

This retail in Burlington (Greensboro Msa), NC is listed for sale. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing retail assets. It has been on the market for 100 days. Compare it against other retail listings for sale in Burlington (Greensboro Msa), NC — view the full market.

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