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Caribou Coffee 4118 Wheat St NE 600 SF Retail Building Covington, GA 30014 $2,455,000 ($4,091.67/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- New 10-Year Corporate NNN Lease to Caribou Coffee
- 2025 Construction Featuring “Cabin” Drive-Thru Prototype
- Part of New Jackson Market Retail Development with Five Guys, McAlister’s Deli, Chicken Salad Chick, and More
- Scheduled 10% Rent Increases and Limited Landlord Responsibilities
- High-Visibility Location on Hwy 278 NE (32,600 ADT) with Prominent Pylon Signage on Commuter Route
- 35 Miles from Downtown Atlanta in Dense, Affluent, and Fast-Growing Submarket
EXECUTIVE SUMMARY
Brand-new Caribou Coffee located in a high-growth Atlanta suburb. Situated within the new Jackson Market retail development, the property joins tenants such as Five Guys, Chicken Salad Chick, McAlister’s Deli, and more. The property features Caribou’s high-efficiency “Cabin” drive-thru format on a new 10-year corporate NNN lease.
This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.
This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
600 SF
Building Class
B
Year Built
2025
Price
$2,455,000
Price Per SF
$4,091.67
Cap Rate
5.50%
NOI
$135,025
Tenancy
Single
Building Height
1 Story
Parking
16 Spaces (26.67 Spaces per 1,000 SF Leased)
Frontage
100’ on Highway 278 Northeast
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
NEARBY MAJOR RETAILERS
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Caribou Coffee | 4118 Wheat St NE
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