Caribou Coffee | Lawrenceville, GA
New Absolute NNN Lease | Affluent Atlanta Suburb
Marketing description
Caribou Coffee is a rapidly growing drive-thru coffee chain with over 800 locations worldwide. This property features a 10-year absolute NNN lease to Caribou Coffee with rare 12.5% rental increases every five (5) years in the initial term and three (3) option periods of five (5) 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.
The property is located in a high-visibility location along State Route 124 / Buford Dr, placing it directly in the path of more than 53,000 daily drivers, while convenient U.S. Route 29 access connects it to approximately 109,000 additional commuters every day. The site is positioned 1.5 miles from Georgia Gwinnett College, one of the largest public colleges in the Atlanta metropolitan area with 12,000+ student enrollment, 1,500+ faculty members, and an annual economic impact of $550M+. Less than 3 miles from Northside Hospital Gwinnett (696 beds), one of the region's largest employers with over 7,000 employees.
The property is a high-quality 2025 retrofit built to Caribou Coffee's latest prototype, featuring a 772-SF building on a 0.69-acre parcel designed to accommodate Caribou Coffee's operational efficiency. The site features a 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 cafes, drive-thru cabins, and kiosks—allowing the company to enter a wider range of markets and real estate opportunities.
- High-visibility location along State Route 124 / Buford Dr places the property directly in the path of more than 53,000 daily drivers, while convenient U.S. Route 29 access connects it to approximately 109,000 additional commuters every day.
- Located 1.5 miles from Georgia Gwinnett College, one of the largest public colleges in the Atlanta metropolitan area with 12,000+ student enrollment, 1,500+ faculty members, and an annual economic impact of $550M+.
- Less than 3 miles from Northside Hospital Gwinnett (696 beds), one of the region's largest employers with over 7,000 employees.
- Surrounded by an excellent mix of local and national retailers that drive the immediate region's economic activity, including Walmart Supercenter, Target, The Home Depot, AMC, Kohl's, ALDI, Kroger, and many more.
- 192,888 residents live within a five-mile radius of the property, representing an 18% increase since 2010.
- Robust average annual household income of $128,994 within a one-mile radius of the property.
- Continued growth in 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 more than proximately 33,000 individuals in Lawrenceville contributes to consistent daily traffic and customer activity.
- High-quality 2025 retrofit built to Caribou Coffee's latest prototype.
- 772-SF building on 0.50-acre parcel to accommodate for Caribou Coffee's operational efficiency.
- Site features a drive-thru and walkup window for added customer convenience.
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