Log In/Sign Up
Your email has been sent.
Caribou Coffee - Atlanta (Kennesaw) GA 2705 Cobb Pky NW 1,466 SF Retail Building Kennesaw, GA 30152 $2,435,000 ($1,660.98/SF) 5.75% Cap Rate
Investment Highlights
- Brand New 10-Year Lease | Scheduled Rental Increases | Growing Brand
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Nearby School | Cobb County International Airport
- Strong Demographics within 10-mile Trade Area | Six-Figure Incomes
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Near Signalized, Hard Corner | Excellent Visibility
Executive Summary
• The tenant just recently signed a 10-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation
• Caribou Coffee serves high-quality handcrafted beverages and crave-worthy food in more than 800 coffeehouses worldwide
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation
• Caribou Coffee serves high-quality handcrafted beverages and crave-worthy food in more than 800 coffeehouses worldwide
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,466 SF
Building Class
B
Year Built
1955
Price
$2,435,000
Price Per SF
$1,660.98
Cap Rate
5.75%
NOI
$140,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.85 AC
Zoning
HGB - Highway General Business
Parking
30 Spaces (20.46 Spaces per 1,000 SF Leased)
Frontage
100’ on Lakewood Dr
Amenities
- Pylon Sign
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-0166-0-052-0 | Improvements Assessment | $87,024 |
| Land Assessment | $28,000 | Total Assessment | $115,024 |
Property Taxes
Parcel Number
20-0166-0-052-0
Land Assessment
$28,000
Improvements Assessment
$87,024
Total Assessment
$115,024
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Caribou Coffee - Atlanta (Kennesaw) GA | 2705 Cobb Pky NW
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.