Single-Tenant Drive-Through
For Sale
Contact for pricing
4303 Dakota Street, Alexandria, MN 56308
Caribou Coffee occupies the property under a remaining NNN lease term.
Property Size554 SF
Price / SF$3,301
Days on Market23
Property Features for 4303 Dakota Street
General Information
Standard status
Active
Size
554 SF
Property subtype
Retail
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$128,000
Additional Details
Cap Rate
7%
Drive-Thru
Yes
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
MC Partners
(612) 396-7723
Listed By:
Matt Hazelton · License #MN 40449423
Source:
Crexi
Added: Aug 7
Changed: Aug 29
Last Checked: Aug 29 at 7:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MC Partners
Investment Insights
Based on property information with market context.
Built in 2023, this single-tenant drive-through restaurant is occupied by Caribou Coffee at 4303 Dakota Street in Alexandria, Minnesota. The property is subject to a NNN lease with seven years remaining and includes three additional five-year renewal options.
Lease economics include 10% rent escalations every five years, with the next increase scheduled in two years. The offering is identified with a 7.00% cap rate and provides a purpose-built coffee drive-through format for a single occupant.
Lease economics include 10% rent escalations every five years, with the next increase scheduled in two years. The offering is identified with a 7.00% cap rate and provides a purpose-built coffee drive-through format for a single occupant.
Key Highlights
- Caribou Coffee single‑tenant drive‑through restaurant
- 2023 construction at 4303 Dakota Street, Alexandria, Minnesota
- Seven years remaining on the NNN lease
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
Explore this area
Business Placement
Demographics for 56308, MN
26,391
Population
14,350
Households
1.8
Avg Household Size
44
Median Age
33%
College-Educated
96%
High-School Grad
155.9 sq mi
ZIP Area
169
Density / Sq Mi
$76,831
Median Household Income
$43,999
Median Earnings
$921
Median Rent
$307,600
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Drive through restaurant - Caribou Coffee occupies the property under a remaining NNN lease term.
Where is this drive through restaurant located?
The property is located at 4303 Dakota Street Alexandria, MN.
What is the asking price?
The asking price for this property is $1,829,000.
What are key features of this property?
This property features: Caribou Coffee single‑tenant drive‑through restaurant; 2023 construction at 4303 Dakota Street, Alexandria, Minnesota; Seven years remaining on the NNN lease
