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202 Shevlin SW Ave
Bemidji, MN 56601

$2,795,000 USD

Fast Food For Sale  •  2,540 SF

Property Details

• Property Type Fast Food
• Total Building Size 2,540 SF
• Lot Size 0.99 AC
• Building Class B
• Year Built 2022
• Cap Rate 6.50 %
• Tenancy Single

0 Transit Score

48 Walk Score

Highlights

New-Construction Single-Tenant Corporate (NASDAQ: SBUX; S&P: BBB+) Starbucks Drive-Thru

New 10-Year Lease

10% Rental Increases Every 5 Years During the Primary Term and Each of the Four 5-Year Options

One of the “World’s Most Admired Companies” by Fortune (2009-2024)

Market Dominant Tenant: The subject property is one of two freestanding Starbucks locations in Bemidji

Regional Retail Hub: Bemidji serves as the dominant retail center for Northern Minnesota

Cap Rate:

6.50 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Starbucks		3/31/2035

Public Transportation

Airport	Drive	Walk	Distance
Bemidji Regional	11 min	-	6.3 mi