600 Military Ave Green Bay, WI 54303

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.