100 Paul Bunyan Dr Bemidji, MN 56601

This exceptional investment opportunity presents a fee-simple interest in a brand-new, free-standing Caribou Coffee building located at 100 Paul Bunyan Dr NW, Bemidji, MN 56601. The 554 square foot property features a drive-thru and walk-up design, reflecting Caribou Coffee's innovative "Cabin" concept. Built in 2022, this property benefits from a 10-year net lease (NNN) with a corporate guarantee from Caribou Coffee, a dominant regional coffee brand in Minnesota with over 450 locations nationwide. The lease includes attractive 10% rent increases in years 4 and 8, continuing through renewal options, ensuring consistent income growth. The property boasts a strong 6.65% cap rate and a current NOI of $90,000, with 100% occupancy. Situated on a high-traffic corridor (Highway 197) with over 16,000 vehicles per day, this location benefits from its proximity to Bemidji State University and numerous residential areas. Caribou Coffee's affiliation with Panera Brands, a large and established company, further enhances the investment's stability and long-term potential. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a desirable location. The asking price is $1,353,383.