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Caribou Coffee - Augusta GA 3050 Washington Rd 832 SF Retail Building Augusta, GA 30907 $2,364,000 ($2,841.35/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New 10-Year Lease | Scheduled Rental Increases | Corporate Signed | Well-Known & Established Brand
- Strong Demographics in 5-mile Trade Area | Six-Figure Incomes
- Situated Along Washington Rd | Interstate 20 |Excellent Visibility & Access
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Close proximity to Augusta National
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 12.50% 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
• The lease features a 12.50% 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
832 SF
Building Class
C
Year Built
1999
Price
$2,364,000
Price Per SF
$2,841.35
Cap Rate
5.50%
NOI
$130,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.72 AC
Zoning
GC - General Commercial
Parking
19 Spaces (22.84 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0110207000 | Improvements Assessment | $102,640 |
| Land Assessment | $175,633 | Total Assessment | $278,273 |
PROPERTY TAXES
Parcel Number
0110207000
Land Assessment
$175,633
Improvements Assessment
$102,640
Total Assessment
$278,273
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Caribou Coffee - Augusta GA | 3050 Washington Rd
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