1947 Scenic Hwy NW - Retail FOR SALE


Snellville, GA 30078
$2,364,000 USD
470-344-2586
1947 Scenic Hwy NW, Snellville, GA for Sale
$2,364,000 USD
Retail - FOR SALE
1/9
null | 5.5% Cap Rate

1947 Scenic Hwy NW
Snellville, GA 30078


HIGHLIGHTS

  • Brand New 10-Year Lease | 12.5% Rental Increases | Corporate Signed | Well-Known & Established Brand
  • Absolute NNN Lease | Fee Simple Ownership | No Landlord Responsibilities
  • Presidential Markets | Presidential Commons
  • Off Signalized Intersection | High Traffic Corridors | Surrounding Employers | Drive-Thru Equipped Building
  • Direct Consumer Base | Atlanta MSA | Strong Demographics In The Immediate Trade Area

OVERVIEW

• 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 12.5% 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

FOR SALE DETAILS

PRICE

$2,364,000 USD

PRICE/SF

$3,023 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caribou Coffee - Snellville GA

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

BG

APN/PARCEL ID

5-040-203

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.