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31296755
31296754

2011 Eatonton Rd, Madison, GA 30650

LW
GA GA 360459
SWE Realty
BW
GA 305065
SWE Realty
Listed by SWE Realty
$2,561,403
79 days on market
Updated 77 days ago

Rare Absolute NNN Starbucks | No Kickout Clause

Details
Property Type Land, Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 3,960
Cap Rate 5.7%
NOI $146,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 08/30/2031
Remaining Term 5.2
Rent Bumps Yes
Lease Options 4/5 Year Options
Pro-Forma Cap Rate 5.7%
Pro-Forma NOI $146,000
Price per SqFt $647
Broker Co-Op Yes
Class A
Year Built 2021
Acreage 1.5 - 2
Investment Type Net Lease
Lease Commencement 08/29/2021
Occupancy Date 08/21/2021
Ground Lease No
Ownership Fee Simple

Fee Simple Ownership | Large Parcel

Marketing description

This recently constructed Starbucks features the company’s latest prototype design and offers investors the rare opportunity to acquire an absolute NNN asset with zero landlord responsibilities. The lease is backed by Starbucks’ investment-grade credit profile (Baa1 / BBB+) and includes a 10-year initial term with no kick-out clause, providing approximately 5.5 years of remaining term along with 10% rent increases during the option periods.

The property is strategically positioned just off Interstate 20 and Eatonton Road, benefiting from combined traffic counts of approximately 50,400 vehicles per day and placement along Madison’s primary retail and commuter corridor. This corridor not only serves the local market, but also acts as a main route to Lake Oconee and affluent surrounding communities such as Cuscowilla and Reynolds Lake Oconee, where lakefront homes can exceed $4 million. The site is further supported by average household incomes exceeding $111,000 within a three-mile radius.

Situated on an expansive 1.43-acre parcel, the property offers ample parking and strong long-term redevelopment potential, if ever needed. The surrounding area is anchored by a dense mix of national and regional retailers, multiple hotels within a half-mile, the new Madison Pavilion development approximately three-quarters of a mile away, and Morgan Medical Center nearby, a 25-bed nonprofit Certified Level IV Trauma Center with a unique Critical Access designation in Georgia. The property also benefits from its proximity to Madison’s main school campuses, which collectively serve more than 2,800 students.

As one of the most recognized coffee brands in the world, Starbucks operates nearly 41,000 locations globally. The company generated approximately $36.2 billion in net revenue in fiscal year 2025, reflecting about 6% year-over-year growth from fiscal 2024, further reinforcing the strength and stability of the tenant behind this offering.

Investment highlights

Rare Absolute NNN Starbucks Lease

Fee Simple Ownership (Not a Ground Lease)

No Kick Out Clause

Interstate Location

10% Increases in the Options

Listing Contacts

LW
GA GA 360459
SWE Realty
BW
GA 305065
SWE Realty
Listed by SWE Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$146,000.00
$12,166.67/mo

Valuation Metrics

0
DSCR
5.7%
Cap Rate
5.7%
ROI

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Additional Information

Name
Luke Waters
License
GA 360459
Brokerage Address
4151 Ashford Dunwoody Road Northeast
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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