Caribou Coffee - Net Lease Property for Sale
Burlington, NC
Key Investment Metrics
Price
$1,778,000
Cap Rate
6.8%
Net Operating Income
$120,000
Building Size
1551 SF
Lot Size
1,551 SF
Land Area
0.35 Acres
Remaining Term
10.5 years
Lease Expiration
06/30/2036
Lease Term
11 years
Lease Commencement
07/01/2025
Lease Type
NN
Tenant Credit
Corporate Guarantee
Year Built
2003
Occupancy
100%
Tenancy
Single
Rent Increases
10% x 5 Years
About This Caribou Coffee Net Lease Property
This Caribou Coffee NNN (triple net lease) property is located in Burlington, NC and represents an excellent investment opportunity for commercial real estate investors. The property features 1551 square feet of building space and was built in 2003.
With a cap rate of 6.8%, this Caribou Coffee net lease property offers stable income potential. The asking price is $1,778,000, making it an attractive option for 1031 exchange investors seeking quality Caribou Coffee commercial properties.
Why Invest in Caribou Coffee NNN Properties?
- Stable Income: Caribou Coffee net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Caribou Coffee is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Burlington, NC Market Overview
Located in Burlington, NC, this Caribou Coffee property benefits from strong local demographics and market fundamentals. The Burlington area offers excellent visibility and accessibility, making it an ideal location for Caribou Coffee operations and a solid investment for net lease property buyers.