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Caribou Coffee - Snellville GA 1947 Scenic Hwy NW 782 SF Retail Building Snellville, GA 30078 $2,842,944 CAD ($3,635.48 CAD/SF) 6.25% Cap Rate
Investment Highlights
- Brand New 10-Year Lease | 12.5% Rental Increases | Corporate Signed | Well-Known & Established Brand
- Presidential Markets | Presidential Commons
- Direct Consumer Base | Atlanta MSA | Strong Demographics In The Immediate Trade Area
- Absolute NNN Lease | Fee Simple Ownership | No Landlord Responsibilities
- Off Signalized Intersection | High Traffic Corridors | Surrounding Employers | Drive-Thru Equipped Building
Executive Summary
• 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
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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
782 SF
Building Class
B
Year Built/Renovated
1993/2025
Price
$2,842,944 CAD
Price Per SF
$3,635.48 CAD
Cap Rate
6.25%
NOI
$177,684 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.55 AC
Zoning
BG - General Business
Parking
10 Spaces (12.79 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5-040-203 | Improvements Assessment | $181,675 CAD |
| Land Assessment | $91,685 CAD | Total Assessment | $273,360 CAD |
Property Taxes
Parcel Number
5-040-203
Land Assessment
$91,685 CAD
Improvements Assessment
$181,675 CAD
Total Assessment
$273,360 CAD
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Caribou Coffee - Snellville GA | 1947 Scenic Hwy NW
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