| New Drive-Thru Small Format “Cabin” Concept |
| Caribou Coffee signed a 10-year lease with an attractive 10% rent increase in Year 6 and in each option period. |
| The building is new construction built-to-suit according to Caribou Coffee’s specifications. |
| Caribou Coffee merged with Panera Bread and Einstein Bros. Bagels to form Panera Brands |
| Minnesota has the highest concentration of Caribou Locations nationally |
| Property is Located in Close Proximity to Big Box Retail Traffic Drivers & Duluth International Airport |
