Log In/Sign Up
Your email has been sent.
1947 Scenic Hwy NW
Snellville, GA 30078
Caribou Coffee · Retail Property For Sale
Investment Highlights
- 10-year absolute NNN lease to Caribou Coffee, a rapidly growing drive-thru coffee chain with over 800 locations worldwide
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- Caribou Coffee accelerated its Southeastern U.S. expansion in 2025, announcing multiple new locations.
- Rare 12.5% rental increases every five (5) years in initial term and three (3) option periods of five (5) years each, ensuring consistent income growt
- Caribou Coffee opened 37 new U.S. locations during 2025, including 25 corporate locations and 12 franchised stores, demonstrating continued unit growt
- Caribou’s development strategy continues to leverage multiple store formats—including traditional cafés, drive-thru cabins, and kiosks.
Executive Summary
This Caribou Coffee benefits from a highly visible location along Scenic Hwy N (SR 124) with convenient access to U.S. Route 78, positioning the property within one of Snellville’s most active commercial corridors. The site is supported by a growing residential population, a strong daytime workforce, and proximity to Piedmont Eastside Medical Center, a 305-bed hospital with approximately 1,600 employees. An established mix of national retailers and restaurants, including Target, Sam’s Club, The Home Depot, Marshalls, AMC, Ross, McDonald’s, and Zaxby’s, helps drive consistent consumer traffic throughout the area. Further enhancing the investment appeal, the surrounding market is projected to experience continued population and income growth, supporting long-term customer demand and ongoing economic activity.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Retail
Building Size
782 SF
Building Class
B
Year Built
1993
Price
$2,080,000
Price Per SF
$2,659.85
Cap Rate
6.25%
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
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
1 of 8
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
