Café Zupas

3582 Main Street Northwest, Coon Rapids, MN 55448

$3,675,000

Cap Rate 6.25%

Views: 32 DOM: 100 Updated: 04.25.24 Posted: 02.06.24 Status: Active

Summary

Price $3,675,000	Built/Renov 2022	Tenant Café Zupas
Cap Rate 6.25%	Lease Type NN+	Guarantor Corporate
Size/SF 3,893	Lease Start 12-15-2022	#Units 70
Price/SF $944.00	Expiration 12-31-2032	Tenant Type Fast Casual/Rest.
NOI $229,569	R. Term 8.7	Ownership Fee Simple
Rent/SF $58.97	Increases 10.0%/3/yrs	Pop 5Mi 164,672
Lot/AC 1.19	Options 2/5yrs/10%	AHHI 5Mi $108,129

Lease Highlights

New 2022 construction
Cafe Zupas has 8+ years remaining on the current lease term with 2 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and each option period
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guaranteed lease

Location Description

Café Zupas is strategically located at the signalized, hard corner intersection of Main Street NW and Round Lake Blvd., benefiting from a combined robust daily traffic count of 53,000 vehicles. The retail market in this area is highly competitive and offers limited development opportunities. It serves as a dominant regional retail destination within the Riverdale Shopping Area,...

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Key Features

New construction
Signalized intersection
Hard corner intersection
High traffic 50M+ VPD
Near major nationals
Shopping Ctr out-parcel
Top 100 MSA
Strong demographics
Favorable NN+ lease
Corporate Guarantee

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Links

Café Zupas Wikipedia Coon Rapids, Minnesota Zip Code 55448 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Café Zupas
Guarantor:Corporate
Company:Café Zupas, L.C.
# Units:70
Stock:Private

About Tenant

Café Zupas, L.C. (dba Café Zupas) is a private company that owns and operates a fast-casual restaurant chain. They prepare their food on-site, and in-site daily, with fresh...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	9,134	77,454	166,903
2023 Total Population :	9,183	77,131	164,934
2023 Employed Civilian Pop :	4,887	41,058	89,882
2023 Total Businesses :	346	2,079	3,526
2023 Average Household Income :	$ 99,012	$ 107,306	$ 120,879
2023 Total Consumer Spending :	$ 322 M	$ 2772 M	$ 6282 M
2023 Median Age :	38	39	39
2023 Total Households :	3,788	30,143	60,897
2023 Pop Age 25+: Bachelor's Degree :	1,367	11,957	26,472
2023 Average Home Value :	$ 330,993	$ 351,179	$ 358,180

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Main St NW	Round Lake Blvd NW	2010	19,997	0.02 mi
Round Lake Boulevard Northwest	Round Lake Blvd NW	2018	23,100	0.19 mi
E Main St	Main St NW	2010	14,862	0.26 mi
124th Avenue Northwest	River Rapids Dr	2022	4,100	0.27 mi
Round Lake Blvd NW	Riverdale Blvd	2016	23,500	0.31 mi
Reisling Blvd NW	Round Lake Blvd	2016	13,000	0.36 mi
Main St NW	Riverdale Blvd	2010	20,235	0.38 mi
Round Lake Blvd NW	Wedgewood Dr	2019	13,000	0.43 mi
124th Avenue Northwest	Poppy St NW	2022	5,700	0.44 mi
Northdale Blvd NW	123rd Ave NW	2016	10,100	0.45 mi

Listing Broker

Bill Asher

Hanley Investment Group

Contact

117 Listings
5279 Views
50 Sold

Jeff Lefko

Hanley Investment Group

Contact

115 Listings
5146 Views
54 Sold

Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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