3050 Washington Rd - Fast Food FOR SALE


Augusta, GA 30907- Montclair
$2,364,000 USD
470-344-2586
3050 Washington Rd, Augusta, GA for Sale
$2,364,000 USD
Fast Food - FOR SALE
1/9
null | 5.5% Cap Rate

3050 Washington Rd
Augusta, GA 30907
Montclair


HIGHLIGHTS

  • Brand New 10-Year Lease | Scheduled Rental Increases | Corporate Signed | Well-Known & Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strong Demographics in 5-mile Trade Area | Six-Figure Incomes
  • Dense Retail Corridor | Strong National/Credit Tenant Presence | Close proximity to Augusta National
  • Situated Along Washington Rd | Interstate 20 |Excellent Visibility & Access

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 12.50% 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

FOR SALE DETAILS

PRICE

$2,364,000 USD

PRICE/SF

$2,919 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caribou Coffee - Augusta GA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

GC

APN/PARCEL ID

011-0-207-00-0

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.