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Caribou Coffee - North Augusta SC 1029 Edgefield Rd 800 SF Retail Building North Augusta, SC 29860 $2,080,000 ($2,600/SF) 6.25% Cap Rate
Investment Highlights
- Brand New 10-Year Lease | 12.5% Rental Increases | Corporate Signed | Well-Known & Established Brand
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Augusta National (90,000 visitors)
- Six-Figure Income | Strong Demographics in Trade Area
- Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
- Near Signalized Intersection | High Traffic Corridors | Interstate 20 | Drive-Thru Equipped Building
Executive Summary
• The tenant, Caribou Coffee Operating Company Inc., recently signed a brand new
10-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features a 12.5% rental increase during year 6 of the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• The lease is signed by the corporate entity
• Caribou Coffee is a well-known and established coffee chain with more than 800 coffeehouses worldwide
10-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features a 12.5% rental increase during year 6 of the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• The lease is signed by the corporate entity
• Caribou Coffee is a well-known and established coffee chain with more than 800 coffeehouses worldwide
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
800 SF
Building Class
B
Year Built/Renovated
2015/2026
Price
$2,080,000
Price Per SF
$2,600
Cap Rate
6.25%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.64 AC
Zoning
PD - Planned Development
Parking
12 Spaces (15 Spaces per 1,000 SF Leased)
Frontage
106’ on Edgefield Rd
Amenities
- Corner Lot
- Pylon Sign
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 010-14-03-007 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $48,920 |
Property Taxes
Parcel Number
010-14-03-007
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$48,920
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Caribou Coffee - North Augusta SC | 1029 Edgefield Rd
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