Marcus & Millichap sold a 2,550-square-foot net-leased Caribou Coffee in Buffalo, Minnesota. The property sold for $1.85 million.
Agents Sean Doyle, Matt Hazelton, AJ Prins and Cory Villaume of the Northstar Retail Group of Marcus & Millichap’s Minneapolis office represented the seller in this transaction. The buyer was procured by Christopher Collins, a multifamily broker out of the firm’s Minneapolis office, along with Doyle, Hazelton, Prins and Villaume.
This co-branded Caribou Coffee|Einstein Bros. Bagels is located at 701 3rd Avenue NE in Bufffalo. The co-branded store format has become the new prototype for the chain since Caribou Coffee (JAB Holding Company) acquired the Einstein Bros. brand in 2014.
Featuring 2016 construction with a drive-thru, this location enjoys visibility from Highway 55 on the “going-to-work” (southbound) side, toward the Twin Cities metro.