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Caribou Coffee 4115 Highway 278 NE 600 SF Retail Building Covington, GA 30014 $2,957,191 CAD ($4,928.65 CAD/SF) 6.25% Cap Rate
Investment Highlights
- New 10-Year Corporate NNN Lease to Caribou Coffee
- 2025 Construction Featuring “Cabin” Drive-Thru Prototype
- Part of New Jackson Market Retail Development with Five Guys, McAlister’s Deli, Chicken Salad Chick, and More
- Scheduled 10% Rent Increases and Limited Landlord Responsibilities
- High-Visibility Location on Hwy 278 NE (32,600 ADT) with Prominent Pylon Signage on Commuter Route
- 35 Miles from Downtown Atlanta in Dense, Affluent, and Fast-Growing Submarket
Executive Summary
Brand-new Caribou Coffee located in a high-growth Atlanta suburb. Situated within the new Jackson Market retail development, the property joins tenants such as Five Guys, Chicken Salad Chick, McAlister’s Deli, and more. The property features Caribou’s high-efficiency “Cabin” drive-thru format on a new 10-year corporate NNN lease.
This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.
This property is listed in conjunction with Georgia-licensed real estate broker Delta Commercial.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
600 SF
Building Class
B
Year Built
2025
Price
$2,957,191 CAD
Price Per SF
$4,928.65 CAD
Cap Rate
6.25%
NOI
$184,859 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.48 AC
Parking
16 Spaces (26.67 Spaces per 1,000 SF Leased)
Frontage
100’ on Highway 278 Northeast
Amenities
- Pylon Sign
- Signage
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | C007000120001A00 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,403,462 CAD | Total Assessment | $1,403,462 CAD |
Property Taxes
Parcel Number
C007000120001A00
Land Assessment
$1,403,462 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,403,462 CAD
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Caribou Coffee | 4115 Highway 278 NE
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