Caribou Coffee
Single-Tenant Offerings
Caribou Coffee
2166 Huffman Mill Rd.
Burlington (Greensboro MSA), NC
- Price:
- $1,714,000
- Cap Rate:
- 7.00%
- NOI:
- $120,000
- Rentable SQFT:
- 1,551 SF
- Year Built:
- 2003/2024
- Lot Size:
- 0.59 +/- Acres
- Lease Type:
- NN
- Status:
- Available
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
- Major Retail Hub, Diverse Mix of National and Regional Brands with Dining and Entertainment Options
- 1.5 Miles to Cone Health Alamance Regional Medical Center with 2,750 Employees
- 2.5 Miles to Elon University with 7,000+ Students and 1,800 Employees
- Close Proximity to Alamance Community College (5,000+ Students) and Several K-12 Schools (11,000+ Students)
- Accessible to 45,000+ Cars/Day, Multiple Points of Access and Excellent Visibility
- Just Off I-85/I-40 with 136,000 Cars/Day, Connects to Greensboro, Durham, Raleigh, and Charlotte
- Strong Daytime Population, 39,000+ Employees in Primary Trade Area
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