For Sale
$1,503,000

600 Military AveGreen Bay, WI 54303

6.65% Cap Rate, NNN Lease, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
116
Exceptional investment opportunity: a brand-new, 605-square-foot Caribou Coffee "Cabin" in Green Bay, WI. This free-standing, drive-thru location boasts a new 10-year lease with a corporate guarantee, featuring a 10% rent increase in year 6 and subsequent option periods. Built in 2022, the property sits on a 0.264-acre lot and benefits from high traffic volume near the intersection of Highway 54 and Interstate 41. Its proximity to Green Bay International Airport and the University of Wisconsin-Green Bay ensures a strong customer base. The property offers a 6.65% cap rate with a net operating income (NOI) of $100,000. This is a rare opportunity to acquire a strategically located, high-performing asset within the rapidly expanding Caribou Coffee portfolio, part of the larger Panera Brands company. The "Cabin" concept is a new, smaller format store, reflecting Caribou's aggressive growth strategy. Wisconsin's high concentration of Caribou Coffee locations further strengthens this investment's potential. The asking price is $1,503,000.

Property Details for 600 Military Ave

Property type
Retail properties, Restaurants
Square Feet
605 SF
Year Built
2022
Buildings
1
Lot Size (sq. ft)
11,500 SF

Location Insight

City
Green Bay
County
Brown
State
Wisconsin
Latitude
44.5248825
Longitude
-88.0642257
600 Military Ave, Green Bay, Wisconsin

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
600 Military Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message