Starbucks - Adel, GA 110 Alabama Road 2,500 SF Retail Building Adel, GA 31620 $2,897,959 ($1,159.18/SF) 6.13% Cap Rate

INVESTMENT HIGHLIGHTS

  • Brand New 2024 Construction With 20-Year Roof Warranty
  • 10% Rent Increases Every 5 Years Providing a Strong Hedge Against Inflation
  • Starbucks is the Largest Coffee Retailer in the World, With Over 38,000 Locations in 80 Countries
  • Long Term Lease With Limited Landlord Responsibilities
  • Corporately Guaranteed Lease By Starbucks Corporation (NASDAQ: SBUX) With a Rating of “BBB+” by S&P – Over $35 Billion in Revenue in 2023
  • Situated Next to a Walmart Supercenter, Providing For Ample Foot Traffic and High Daily Traffic Counts

EXECUTIVE SUMMARY

Sands Investment Group is Pleased to Exclusively Offer For Sale the 2,500 SF Starbucks Located at 110 Alabama Road in Adel, GA. This Deal Includes a Brand New 2024 Construction With 20-Year Roof Warranty and Long Term Lease With Limited Landlord Responsibilities and 10% Rent Increases Every 5 Years Providing a Strong Hedge Against Inflation, Providing For a Secured Investment.

In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,500 SF
Building Class
C
Year Built
2024
Price
$2,897,959
Price Per SF
$1,159.18
Cap Rate
6.13%
NOI
$177,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.98 AC
Opportunity Zone
Yes

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Starbucks
  • Accommodation and Food Services
  • 2,500 SF
  • $71.00
  • Double Net
  • Sep 2034
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Starbucks Accommodation and Food Services 2,500 SF $71.00 Double Net Sep 2034

NEARBY MAJOR RETAILERS

Anytime Fitness
Ellianos Coffee
Piggly Wiggly
Waffle House
Huddle House
Western Sizzlin
Buddy's Home Furnishings

PROPERTY TAXES

  • Listing ID: 32130834

  • Date on Market: 6/14/2024

  • Last Updated:

  • Address: 110 Alabama Road, Adel, GA 31620