318 Russell Pky | Forsyth, GA 31029
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- LoopNet Team
318 Russell Pky
Forsyth, GA 31029
Starbucks · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 10 Year Lease - 10% rent increase in year 6 | NN lease with no early termination clause
- Corporate Guaranty from Investment Grade Tenant - Starbucks has a Market Cap of $99B (NASDAQ: SBUX) with over 33,000 locations across the country
- Drive Thru + Interstate Location - The property features a drive through, which studies have shown can increase restaurant sales by as much as 8%
- Only Starbucks in Monroe County - The next closest Starbucks to this location lies over 18 miles away in Macon, GA
- Excellent Visibility - Off of Exit 187 form I-75 which realizes over 1,600 vehicles per day | I-75 (76,200 VPD) | Cabaniss Rd (12,200 VPD)
- New Construction - Brand new construction should limit a new owner's exposure to capital repairs during the hold period
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
2,500 SF
Building Class
B
Year Built
2022
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.12 AC
Zoning
001
Frontage
168’ on Lee St
PROPERTY TAXES
| Parcel Number | F25-013 | Improvements Assessment | $51,680 |
| Land Assessment | $80,000 | Total Assessment | $131,680 |
PROPERTY TAXES
Parcel Number
F25-013
Land Assessment
$80,000
Improvements Assessment
$51,680
Total Assessment
$131,680
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