Property summary
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 625-square-foot Caribou Coffee "Cabin" in Appleton, Wisconsin. Built in 2024, this single-story building boasts a drive-thru and walk-up design, reflecting Caribou's innovative "Cabin" concept and its aggressive Midwest expansion. Located on a 0.63-acre lot at 2120 E Northland Ave, Appleton, WI 54911, this property benefits from high traffic flow near the intersection of E Northland Ave and N Ballard Rd,… within the thriving Fox Cities Metropolitan Area. The property features a 10-year NNN lease with a strong tenant, Caribou Coffee, a dominant regional brand with a significant presence in Wisconsin. The lease includes attractive rent increases in year 6 and subsequent option periods. The property's Net Operating Income (NOI) is $116,000, yielding a 6.65% cap rate at an asking price of $1,745,000 ($2,792 per square foot). This represents a rare chance to acquire a high-performing, newly constructed asset backed by a well-established national brand within a robust market. The property is 100% occupied and benefits from the recent merger of Caribou Coffee with Panera Bread and Einstein Bros. Bagels, forming Panera Brands, a significant player in the food and beverage industry.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records and 10 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 3,672 SF
- Lot area
- 1.37 ac
- Year built
- 1990
- Stories
- 1
- APN
- 31-1-6640-12
- Zoning
- C2
- Assessed value · 2023
- $721,800
- Annual tax · 2023
- $11,671
- Office Building
- Warehouse, Storage
- Commercial (general) · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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