- 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 10% 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 750 coffeehouses worldwide
Investment Offering
Kennesaw, GA - Caribou Coffee
3280 Barrett Lakes Blvd | Kennesaw, GA 30144
$2,920,000
Price5%
Cap Rate$146,000
NOI2,491
± SF Offering GLADescription
Location
- Caribou Coffee is strategically located off the signalized intersection of Chastain Road and Barrett Lakes Blvd
- Directly off I-75 (137,000 VPD), allowing direct on/off ramp access to downtown Atlanta and the surrounding trade area
- The trade area is supported by surrounding retailers such as Walmart Supercenter, Best Buy, Publix, Petco, and more
- The building is equipped with a drive-thru, providing ease and convenience for customers
- On average, stores with a drive-thru experience higher sales than those without
Documents & Links
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 Offering Memorandum |  |  |
Contact
Patrick Nutt
Sr Managing Principal & Co-Head of National Net Lease
954.302.7365954.302.7365[email protected]FL #: BK3120739