20 E Franklin St - Fast Food FOR SALE


Hartwell, GA 30643
$1,833,333 USD
513-300-0763
20 E Franklin St, Hartwell, GA for Sale
$1,833,333 USD
Fast Food - FOR SALE
1/3
null | 6% Cap Rate

20 E Franklin St
Hartwell, GA 30643


HIGHLIGHTS

  • Corporate-guaranteed lease with Starbucks Corporation (NASDAQ: SBUX), one of most recognized investment-grade retail credits in the net-lease market.
  • Ten (10) year initial term with four (4), five (5) year renewal options and 10% scheduled rent increases in every option period.
  • Freestanding, purpose-built drive-thru location at signalized corner of Franklin Street & College Avenue in downtown Hartwell the seat of Hart County
  • Passive, management-free NNN structure with tenant responsible for its pro-rata share of taxes, insurance, and common area expenses.
  • 2021 construction on a ±0.779-acre B-2 zoned parcel, positioned on primary retail corridor serving Hartwell and Lake Hartwell recreational traffic

OVERVIEW

Starbucks Corporation (NASDAQ: SBUX) is the world's largest coffeehouse chain, founded in 1971 and headquartered in Seattle, Washington. The company operates and licenses tens of thousands of stores across the United States and dozens of international markets, offering coffee, tea, and food through company-operated, drive-thru, and licensed store formats. Starbucks is publicly traded and widely held by institutional investors, and carries an investment-grade senior unsecured credit rating. Its corporate-guaranteed leases are among the most creditworthy in the quick-service and coffeehouse net-lease sector. The Hartwell store operates under a corporate lease guaranteed directly by Starbucks Corporation — no franchisee or licensee entity stands between the investor and the parent credit.

FOR SALE DETAILS

PRICE

$1,833,333 USD

PRICE/SF

$733 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks - Hartwell GA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,385 SF

ZONING

-

APN/PARCEL ID

I57D-200

ASK ABOUT THIS PROPERTY

Brian BrockmanBang Realty, IncMore Info
513-300-0763

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Brian BrockmanBang Realty, IncMore Info
513-300-0763

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