Caribou Coffee | Atlanta MSA
12.5% Rental Increases | New Absolute NNN Lease
Marketing description
10-year absolute NNN lease to Caribou Coffee, a rapidly growing drive-thru coffee chain with over 800 locations worldwide. Rare 12.5% rental increases every five (5) years in initial term and three (3) option periods of five (5) years each, ensuring consistent income growth. Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
Premier visibility along State Route 124 / Scenic Hwy N, capturing more than 57,000 vehicles per day, with additional access to U.S. Route 78 serving approximately 109,000 daily commuters. The site is strategically located within walking distance of Piedmont Eastside Medical Center (305 beds; approx. 1,600 employees), reinforcing a strong surrounding population base.
The five-mile trade area encompasses 197,860 residents, reflecting strong demographic expansion with 25% population growth since 2010. $124,702 average household income within three miles, indicating strong affluent consumer base. High-quality 2025 retrofit built to Caribou Coffee's latest prototype with 782-SF building on 0.55-acre parcel featuring a dual-lane drive-thru and walkup window for added customer convenience.
Investment highlights
- 10-year absolute NNN lease to Caribou Coffee, a rapidly growing drive-thru coffee chain with over 800 locations worldwide.
- Rare 12.5% rental increases every five (5) years in initial term and three (3) option periods of five (5) years each, ensuring consistent income growth.
- Tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
- Caribou Coffee opened 37 new U.S. locations during 2025, including 25 corporate locations and 12 franchised stores, demonstrating continued unit growth despite a competitive coffee landscape.
- Caribou Coffee accelerated its Southeastern U.S. expansion in 2025, announcing multiple new locations throughout Georgia, including Atlanta-area markets such as Athens, Woodstock, Smyrna, Lawrenceville, Augusta, and Covington.
- Caribou's development strategy continues to leverage multiple store formats—including traditional cafés, drive-thru cabins, and kiosks—allowing the company to enter a wider range of markets and real estate opportunities.
- Premier visibility along State Route 124 / Scenic Hwy N, capturing more than 57,000 vehicles per day, with additional access to U.S. Route 78 serving approximately 109,000 daily commuters.
- The site is strategically located within walking distance of Piedmont Eastside Medical Center (305 beds; approx. 1,600 employees), reinforcing a strong surrounding population base.
- The immediate trade area is supported by a robust retail ecosystem featuring national and regional anchors including Michael's, Target, Publix, The Home Depot, Lowe's Home Improvement, Academy Sports + Outdoors, Walmart Supercenter, and Sam's Club.
- The five-mile trade area encompasses 197,860 residents, reflecting strong demographic expansion with 25% population growth since 2010.
- $124,702 average household income within three miles, indicating strong affluent consumer base.
- Population and household incomes across the surrounding 1-, 3-, and 5-mile rings are projected to continue climbing over the next five years, further strengthening retail demand and tenant performance.
- A daytime population of more than 22,000 individuals in Snellville contributes to consistent daily traffic and customer activity.
- High-quality 2025 retrofit built to Caribou Coffee's latest prototype.
- 782-SF building on 0.55-acre parcel to accommodate for Caribou Coffee's operational efficiency.
- Site features a dual-lane drive-thru and walkup window for added customer convenience.
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