721 W Taylor St - Fast Food FOR SALE


Griffin, GA 30223
$2,000,000 USD
470-344-2586
721 W Taylor St, Griffin, GA for Sale
$2,000,000 USD
Fast Food - FOR SALE
1/10
null | 5.5% Cap Rate

721 W Taylor St
Griffin, GA 30223


HIGHLIGHTS

  • Brand New 10-Year Lease | Scheduled Rental Increases | Corporate Signed | Well-Known & Established Brand | 2025 Renovation
  • Absolute NNN Lease | Fee Simple Ownership | No Landlord Responsibilities
  • Along W Taylor St | Dense Retail Corridor | Drive-Thru Equipped Building | Nearby Schools
  • Direct Consumer Base | Strong Demographics In 5-Mile 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 12.50% 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

$2,000,000 USD

PRICE/SF

$2,833 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caribou Coffee - Atlanta (Griffin) GA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

-

APN/PARCEL ID

011-15-013

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.