4115 Highway 278 NE - Restaurant FOR SALE


Covington, GA 30014
$2,455,000 USD
510-289-1166
4115 Highway 278 NE, Covington, GA for Sale
$2,455,000 USD
Restaurant - FOR SALE
1/1
null | 5.5% Cap Rate

4115 Highway 278 NE
Covington, GA 30014


HIGHLIGHTS

  • New 10-Year Corporate NNN Lease to Caribou Coffee
  • Scheduled 10% Rent Increases and Limited Landlord Responsibilities
  • 2025 Construction Featuring “Cabin” Drive-Thru Prototype
  • High-Visibility Location on Hwy 278 NE (32,600 ADT) with Prominent Pylon Signage on Commuter Route
  • Part of New Jackson Market Retail Development with Five Guys, McAlister’s Deli, Chicken Salad Chick, and More
  • 35 Miles from Downtown Atlanta in Dense, Affluent, and Fast-Growing Submarket

OVERVIEW

Brand-new Caribou Coffee located in a high-growth Atlanta suburb. Situated within the new Jackson Market retail development, the property joins tenants such as Five Guys, Chicken Salad Chick, McAlister’s Deli, and more. The property features Caribou’s high-efficiency “Cabin” drive-thru format on a new 10-year corporate NNN lease. This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.

FOR SALE DETAILS

PRICE

$2,455,000 USD

PRICE/SF

$4,092 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caribou Coffee

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

C007000120001A00

ASK ABOUT THIS PROPERTY

Putnam DailyFisher James CapitalMore Info
510-289-1166

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Putnam DailyFisher James CapitalMore Info
510-289-1166

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