Pegasus Investments Real Estate Advisory Inc., in conjunction with ParaSell, Inc., as exclusive advisors for Seller, are excited to present investors with the opportunity to acquire the fee simple interest in a long-standing, drive-thru Starbucks located in the heart of Marietta, Georgia, an affluent suburb within the Atlanta metro (the “Property”). The Property is secured by a corporate-guaranteed net lease with Starbucks Corporation (S&P: BBB+), the world’s largest coffeehouse chain and one of the most recognizable consumer brands globally. Starbucks has occupied the site since 1999 and recently exercised an early 5-year lease extension through August 2034, signaling their continued confidence in the location. The lease includes 10% rental increases in year five and each of the two (2) five-year renewal options, providing investors with long-term income durability and built-in rental growth.
The freestanding building features a highly coveted drive-thru and sits prominently at the signalized hard corner entrance to a Target-anchored shopping center. The Property benefits from strong visibility and accessibility along Dallas Highway, with a generous 10.22:1,000 SF parking ratio that supports both drive-thru and in-store traffic. Surrounded by a dense mix of national retailers, including Lowe’s, Home Depot, Publix, Chick-Fil-A, and Wells Fargo, the site is further supported by a growing residential base, including the adjacent Ellis development by David Weekley Homes, which is delivering 85 new single-family homes less than a mile from the site.
Marietta is one of the most desirable and demographically attractive submarkets in metro Atlanta. The Property is located within a trade area boasting average household incomes approaching $150,000 and over 40,000 residents within three miles. The area is home to several key economic anchors, including Dobbins Air Reserve Base and Kennesaw State University, which serves more than 45,000 students and faculty. Additionally, the site is just a short drive from Truist Park and The Battery Atlanta, home of the Atlanta Braves and one of the premier mixed-use destinations in the Southeast.
Located within Cobb County, one of the wealthiest and most economically stable counties in Georgia, the Property is positioned to benefit from sustained population growth, top-ranked schools, and ongoing residential and commercial development. With its high-profile location, long-term tenancy by Starbucks, and exposure to one of Atlanta’s strongest submarkets, the offering presents investors with the rare opportunity to acquire a trophy net lease asset backed by best-in-class credit and long-term stability.