919 Buford Dr - Restaurant FOR SALE


Lawrenceville, GA 30043
$2,364,000 USD
470-344-2586
919 Buford Dr, Lawrenceville, GA for Sale
$2,364,000 USD
Restaurant - FOR SALE
1/9
null | 5.5% Cap Rate

919 Buford Dr
Lawrenceville, GA 30043


HIGHLIGHTS

  • Brand New 10-Year Lease | 12.5% Rental Increases | Corporate Signed | Well-Known & Established Brand
  • NNN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
  • Georgia Gwinnett College | Lawrenceville Market
  • Located At Signalized Hard Corner Intersection | U.S. Highway 29 | Surrounding Retailers | Drive-Thru Equipped Building
  • Direct Consumer Base | Atlanta MSA | Strong Demographics In The Immediate 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 12.5% 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

$3,062 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caribou Coffee - Atlanta (Lawrenceville) GA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

BG

APN/PARCEL ID

7-028A-050

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.