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804 N Minnesota Ave
Saint Peter, MN 56082

$1,257,142 USD

Fast Food For Sale  •  550 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 550 SF
  • Lot Size 0.47 AC
  • Building Class B
  • Year Built 2019
  • Cap Rate 7.00 %
  • Tenancy Single
0 Transit Score
46 Walk Score

Highlights

This site is Caribou Coffee’s “Cabin” concept, featuring the new drive-up and walkup only format.
Caribou Coffee signed a 12-year lease with attractive rent increases in Year 6, 11 and in each option period.
St. Peter is home to the 340 acre college campus of Gustavus Adolphus.
Minnesota has the highest concentration of Caribou Locations nationally.
This location capitalizes on high traffic flow directly on US-169 with nearly 22,000 VPD by the subject property.
Highest Traffic Counts of Any Two-Lane Road in South-Central Minnesota: Highway 169 also connects St. Peter and Mankato along the city’s west side.

Property Flyers

Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Caribou Coffee
AJ Prins 952-210-0484 CBRE
AJ Prins 952-210-0484 CBRE