100 Paul Bunyan Dr NW Bemidji, MN 56601

This fully leased investment property was built in 2022. The site features Caribou Coffee’s new “Cabin” concept, with a drive-up and walk-up only format. Caribou Coffee has already rolled out many of these formats across Minnesota and the Twin Cities. Caribou Coffee signed a 10-year lease with 10% rent increases in years 4 and 8 of the initial lease, continuing throughout the renewal options. The building is new construction built-to-suit according to Caribou Coffee’s specifications. In the fall of 2021, Caribou Coffee merged with Panera Bread and Einstein Bros. Bagels to form Panera Brands, consisting of 4,000 units in total and over 100,000+ employees globally. Caribou Coffee has more locations throughout the Twin Cities and the state of Minnesota than any of its competitors, making it the dominant brand in the market. The property is located on a major arterial travel route, Highway 197, which travels directly though the city of Bemidji with over 16,000 daily traffic volume. The property size is 554 square feet.