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Caribou Coffee - Atlanta (Griffin) GA 721 W Taylor St 706 SF Retail Building Griffin, GA 30223 $2,000,000 ($2,832.86/SF) 5.50% Cap Rate
Investment Highlights
- Brand New 10-Year Lease | Scheduled Rental Increases | Corporate Signed | Well-Known & Established Brand | 2025 Renovation
- Along W Taylor St | Dense Retail Corridor | Drive-Thru Equipped Building | Nearby Schools
- Absolute NNN Lease | Fee Simple Ownership | No Landlord Responsibilities
- Direct Consumer Base | Strong Demographics In 5-Mile Trade Area
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
706 SF
Building Class
C
Year Built/Renovated
2005/2025
Price
$2,000,000
Price Per SF
$2,832.86
Cap Rate
5.50%
NOI
$110,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.50 AC
Opportunity Zone
Yes
Parking
14 Spaces (19.83 Spaces per 1,000 SF Leased)
Frontage
121’ on Taylor St
Amenities
- Pylon Sign
- Drive Thru
Moderately walkable
60/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 011-15-013 | Improvements Assessment | $96,922 |
| Land Assessment | $87,676 | Total Assessment | $184,598 |
Property Taxes
Parcel Number
011-15-013
Land Assessment
$87,676
Improvements Assessment
$96,922
Total Assessment
$184,598
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Caribou Coffee - Atlanta (Griffin) GA | 721 W Taylor St
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