For Sale
$2,117,000

130 Nc-801 Bermuda Run, NC 27006

High-yield, net-leased coffee shop in NC

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional investment opportunity presents a fee-simple, Class A, single-tenant Caribou Coffee property located at 130 NC-801, Advance, NC 27006. The 534 square foot building, constructed in 2024, features Caribou Coffee's new "Cabin Coffee" drive-thru and walk-up concept, maximizing operational efficiency. Boasting a 10-year lease (commencing May 31, 2024, and expiring May 30, 2034) with a corporate guarantee from Caribou Coffee, a subsidiary of Panera Brands, this property offers a stable, high-yield investment. The lease includes 10% rent bumps every five years and three 5-year renewal options. The property sits on a 0.67-acre lot with excellent visibility and accessibility, located near a major interstate (I-40) and other key roadways (Hwy 801 and Hwy 158), experiencing high daily vehicle traffic. The strong demographics of the area, with an average household income exceeding $116,000 within a 3-mile radius and over 17,000 residents, further enhance the investment potential. The property's proximity to Atrium Health Wake Forest Baptist Davie Hospital and Bermuda Run Country Club adds to its appeal. The asking price is $2,117,000, representing a 6.40% cap rate and a strong NOI of $135,500. The building features a new roof and structure with transferable warranties. This is a turnkey investment with significant upside potential.

Highlights

  • 10-year lease with 10% rental increases in primary and option terms, including three 5-year options.
  • Caribou Coffee, a Panera Brands subsidiary with over 700 global locations, is the tenant.
  • Strong demographics: Over 17,000 residents within a 3-mile radius, with average household incomes exceeding $116,000.
  • Excellent accessibility: Full-access interchange on Hwy 801 (14.5K VPD) and Hwy 158 (13K VPD), and 0.5 miles from I-40 (51.5K VPD).
  • Proximity to Atrium Health Wake Forest Baptist Davie Hospital (0.8 miles) and Bermuda Run Country Club (2 miles).
  • New construction featuring Caribou's efficient "Coffee Cabin" design with transferable warranties.

Property Details for 130 Nc-801

Property type
Retail properties, Retail space
Square Feet
534 SF
Class
A
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
29,185 SF

Location Insight

City
Bermuda Run
County
Davie
State
North Carolina
Latitude
36.00428173
Longitude
-80.4383682
130 Nc-801, Bermuda Run, North Carolina

FAQs

What type of property is this?
Retail property - High-yield, net-leased coffee shop in NC
Where is the retail property located?
The property is located at 130 Nc-801 Bermuda Run, NC.
What is the asking price?
The asking price for this property is $2,117,000.
What are key features of this property?
This property features: 10-year lease with 10% rental increases in primary and option terms, including three 5-year options.; Caribou Coffee, a Panera Brands subsidiary with over 700 global locations, is the tenant.; Strong demographics: Over 17,000 residents within a 3-mile radius, with average household incomes exceeding $116,000.
How can I contact the broker?
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130 Nc-801
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