Listed by SRS Real Estate Partners Atlanta
$2,080,000
Caribou Coffee - North Augusta SC
Details
APN 010-14-03-007
Property Type Retail
Sub Type Restaurant
Square Footage 800
Units 15
Cap Rate 6.25%
NOI $130,000
Tenancy Single
Lease Type Absolute NNN
Lease Term 10
Lease Expiration 01/01/2035
Rent Bumps Yes
Lease Options 3 (5-Year)
Class A
Year Built 2015
Year Renovated 2026
Acreage 0.640
Zoning PD - Planned Development
Parking Spaces 15 spaces
Parking Per SqFt 18.75
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2025
Ground Lease No
Retail | 6.25% CAP | 800 SqFt
Marketing description
- 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
Investment highlights
- Brand New 10-Year Lease | 12.5% Rental Increases | Corporate Signed | Well-Known & Established Brand
- Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Strong National/Credit Tenant Presence | Augusta National (90,000 visitors)
- Near Signalized Intersection | High Traffic Corridors | Interstate 20 | Drive-Thru Equipped Building
- Six-Figure Income | Strong Demographics in Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Atlanta
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$130,000.00
$10,833.33/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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