Caribou Coffee - New Berlin, WI
Long Term NNN Lease | New Construction | Prime Retail Corridor
Marketing description
Cushman & Wakefield | Boerke is pleased to present an offering memorandum for the newly developed Caribou Coffee Rock Ridge located at 5276 S. Moorland Road in New Berlin, Wisconsin. The subject property is a newly constructed, ±554 SF freestanding quick-service coffee “cabin” accommodating both drive-thru and walk-up traffic. The property is leased to Caribou Coffee Operating Company, Inc., a Midwest premium coffee chain with more than 700 locations worldwide.
The site is positioned along a well-traveled retail corridor on Moorland Road, just off Wisconsin’s Rock Freeway (I-43), benefiting from strong visibility, convenient access, and proximity to established national and regional retailers, including both Costco and Target. The surrounding trade area is supported by dense residential neighborhoods and a steady commuter base, driving consistent daily traffic counts. Aligned with evolving consumer preferences, the property features a modern, convenience-driven format with no indoor seating, instead emphasizing efficient drive-thru and walk-up service designed to maximize throughput and capture on-the-go demand.
Investment highlights
LONG-TERM, PREDICTABLE CASH FLOW FROM NEW CONSTRUCTION
Brand-new 2024 build-to-suit Caribou Coffee with a drivethru and walk-up window, delivering secure income through 2034 with scheduled rent increases and three five-year renewal options reaching up to $309.43 PSF.
PRIME QSR LOCATION WITH STRONG MARKET FUNDAMENTALS
High-visibility site near I-43 (55,725 VPD) surrounded by national retailers and daily-needs traffic drivers in a sought-after Waukesha County submarket. With the QSR market projected to grow from over $1.1 trillion in 2026 to over $1.7 trillion by 2031, this property is ahead of a booming retail
market.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
