Marcus & Millichap Arranges $1.8 Million Sale of Net Leased Retail Property in North Dakota

The building, located at 1225 S. Columbia St., is net leased to Caribou Coffee and Einstein Bros. Bagels. The building, located at 1225 S. Columbia St., is net leased to Caribou Coffee and Einstein Bros. Bagels.

Grand Forks, N.D. — Marcus & Millichap has arranged the sale of a property net leased to Caribou Coffee and Einstein Bros. Bagels in Grand Forks for $1.8 million.

The 2,558-square-foot space is located at 1225 S. Columbia St. Sean Doyle, Matthew Hazelton, Adam “AJ” Prins and Cory Villaume of Marcus & Millichap had the exclusive listing to market the property on behalf of the seller, an undisclosed developer.

Mark Ruble and Jamie Medress of Marcus & Millichap secured and represented the buyer, an undisclosed partnership. Regional Manager Craig Patterson assisted in closing the transaction.

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