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Caribou Coffee - Snellville GA 1947 Scenic Hwy NW 782 SF Retail Building Snellville, GA 30078 $2,364,000 ($3,023.02/SF) 5.50% Cap Rate
Investment Highlights
- Brand New 10-Year Lease | 12.5% Rental Increases | Corporate Signed | Well-Known & Established Brand
- Presidential Markets | Presidential Commons
- Direct Consumer Base | Atlanta MSA | Strong Demographics In The Immediate Trade Area
- Absolute NNN Lease | Fee Simple Ownership | No Landlord Responsibilities
- Off Signalized Intersection | High Traffic Corridors | Surrounding Employers | 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
782 SF
Building Class
B
Year Built/Renovated
1993/2025
Price
$2,364,000
Price Per SF
$3,023.02
Cap Rate
5.50%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.55 AC
Zoning
BG - General Business
Parking
10 Spaces (12.79 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5-040-203 | Improvements Assessment | $132,920 |
| Land Assessment | $67,080 | Total Assessment | $200,000 |
Property Taxes
Parcel Number
5-040-203
Land Assessment
$67,080
Improvements Assessment
$132,920
Total Assessment
$200,000
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Caribou Coffee - Snellville GA | 1947 Scenic Hwy NW
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