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33932705
33932707

4115 Hwy 278 NE, Covington, GA 30014 For Sale

PD
CA 01750064
Fisher James Capital
VN
CA CA 01963342
Fisher James Capital
LS
CA CA 01443387
Fisher James Capital
Listed by Fisher James Capital
$2,160,000
224 days on market
Updated 6 days ago

Caribou Coffee

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 600
Cap Rate 6.25%
NOI $135,000
Occupancy 100%
Tenancy Single
Brand/Tenant Caribou Coffee
Lease Type NNN
Lease Term 10
Remaining Term 10
Rent Bumps Yes
Lease Options three (3) five-year options
Price per SqFt $3,600
Broker Co-Op Yes
Year Built 2025
Buildings 1
Stories 1
Acreage 0.477
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No

New Caribou Coffee Drive-Thru in Atlanta MSA

Marketing description

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.

Investment highlights

  • New 10-Year Corporate NNN Lease to Caribou Coffee Operating Company, Inc.

    • 10% rent increases every five years and at each of three five-year options

    • Limited landlord responsibilities

  • 2025 Construction

    • Caribou Coffee “Cabin” prototype with drive-thru and walk-up ordering

    • Includes outdoor patio seating

  • Highly Visible Location on Hwy 278 NE (32,600 AADT)

    • On the “going-to-work” side for commuters, with prominent pylon signage

  • Situated within New Jackson Market Retail Development

    • Tenants include Five Guys, McAlister’s Deli, Chicken Salad Chick, Tropical Smoothie Cafe, and more

  • Directly Across from Piedmont Newton Hospital: 107 beds; ~800 employees

  • 2 Miles from Oxford College of Emory University: 1,000+ students

  • Dense, Affluent, and Fast-Growing Atlanta Suburb

    • 51,586 residents within 5 miles – projected 2.22% annual population growth within 3 miles

    • Average household income approaching $100,000 within 10 miles

  • Approximately 35 Miles from Downtown Atlanta and 41 Miles from Hartsfield–Jackson Atlanta International Airport

Listing Contacts

PD
CA 01750064
Fisher James Capital
VN
CA CA 01963342
Fisher James Capital
LS
CA CA 01443387
Fisher James Capital
Listed by Fisher James Capital

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$135,000.00
$11,250.00/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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