Caribou Coffee | Augusta, GA MSA
RARE 12.5% Rent Increases | Adjacent to Walmart Anchored Center
Marketing description
Caribou Coffee is a 10-year absolute NNN lease to Caribou Coffee, a rapidly growing drive-thru coffee chain with over 800 locations worldwide. The property features rare 12.5% rental increases every five years in the initial term and three option periods of five years each, ensuring consistent income growth. The tenant covers all taxes, insurance, and maintenance, including roof, structure, and parking lot, providing a fully passive investment.
This prime location along U.S. Route 25 / Edgefield Rd places the property directly in the path of more than 37,000 daily drivers, while immediate Interstate 20 access connects it to over 65,000 additional commuters every day. The property is located adjacent to a Walmart Supercenter and directly across from a Food Lion-anchored multitenant retail center, drawing significant crossover traffic to the property.
The 2025 retrofit was built to Caribou Coffee's latest prototype with an 800-SF building designed for operational efficiency. The site features a dual-lane drive-thru and walkup window for added customer convenience.
The surrounding area includes 46,503 residents within a five-mile radius of the property, representing a 14% increase since 2010. The robust average annual household income of $112,355 within a three-mile radius of the property, combined with continued growth in both population and household income, positions this location for future success.
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.
- Prime frontage along U.S. Route 25 / Edgefield Rd places the property directly in the path of more than 37,000 daily drivers, while immediate Interstate 20 access connects it to over 65,000 additional commuters every day.
- Located adjacent to a Walmart Supercenter and directly across from a Food Lion-anchored multitenant retail center, drawing significant crossover traffic to the property.
- Within walking distance of LEO at Augusta Commons (207 units), Village Square (130+ townhome units), and The Retreat at Walnut Village (86 townhomes).
- Surrounded by an excellent mix of local and national retailers that drive the immediate region's economic activity, including Chick-fil-A, Holiday Inn Express, Zaxby's Chicken Fingers, Sonic Drive-In, Dollar General, Advance Auto Parts, and many more.
- 46,503 residents live within a five-mile radius of the property, representing a 14% increase since 2010.
- Robust average annual household income of $112,355 within a three-mile radius of the property.
- Continued growth in both population and household income within 1, 3, and 5-mile radii over the next five years is expected to fuel increasing demand throughout the trade area.
- A daytime population of approximately 25,000 individuals in North Augusta contributes to consistent daily traffic and customer activity.
- High-quality 2025 retrofit built to Caribou Coffee's latest prototype.
- 800-SF building 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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