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Ellianos Coffee - Pike Rd AL 68 Freedom Dr 810 SF Retail Building Pike Road, AL 36064 $2,013,062 CAD ($2,485.26 CAD/SF) 6.50% Cap Rate
Investment Highlights
- 7 Years Remaining | Strong & Growing Tenant | Scheduled Rental Increases | Options to Extend
- Off I-85 | Near Hwy-80 | Strong National/Credit Tenant Presence | Nearby Home Developments
- Absolute NNN | Zero Landlord Responsibilities |Fee Simple
- Ideal Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
• The tenant currently has 7 years remaining on their initial lease with 2 (5-year) options to extend, demonstrating their commitment to the site
• Ellianos Coffee was founded in Lake City, Florida and currently has 74 operating locations with over 200 additional locations planned
• The lease features a 2% annual rental increases throughout initial term and options thereafter, steadily growing the NOI and providing a hedge against inflation
• Ellianos Coffee was founded in Lake City, Florida and currently has 74 operating locations with over 200 additional locations planned
• The lease features a 2% annual rental increases throughout initial term and options thereafter, steadily growing the NOI and providing a hedge against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
810 SF
Building Class
B
Year Built
2023
Price
$2,013,062 CAD
Price Per SF
$2,485.26 CAD
Cap Rate
6.50%
NOI
$130,842 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.30 AC
Amenities
- Signage
- Drive Thru
Property Taxes
| Parcel Number | 08-05-15-0-002-003.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $181,331 CAD | Total Assessment | $181,331 CAD |
Property Taxes
Parcel Number
08-05-15-0-002-003.000
Land Assessment
$181,331 CAD
Improvements Assessment
$0 CAD
Total Assessment
$181,331 CAD
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Ellianos Coffee - Pike Rd AL | 68 Freedom Dr
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