About This Restaurant
Investment Highlights
Brand New 10-Year Lease | 2023 Construction | Options To Extend | Corporate Signed | Scheduled Rental Increases Directly Off Interstate 75 | Surrounding Retailers | Drive-Thru Equipped Starbucks - Q1 2024 Earnings Release NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities Local Demographics In 5-Mile Trade Area | Six-Figure Income
Executive Summary
? Starbucks is directly off Interstate 75 (80,700 VPD), allowing customers to benefit from direct on/off ramp access to the subject site and surrounding trade areas? The surrounding retailers inlcude Popeyes, Zaxby?s, Burger King, Taco Bell, Chick-fil-A, and more? The asset is equipped with a drive-thru, maximizing productivity and efficiency at this location
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Fast Food
- Building Size 2,600
- Building Class B
- Year Built 2023
- Price 2,205,000
- Price Per SF 848
- Cap Rate 5.60
- NOI 123,500
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.03
- Land Acres 2.25 AC
Property Taxes
| Parcel Number | 055D-096 | Improvements Assessment | $200,680 |
| Land Assessment | $67,840 | Total Assessment | $268,520 |
| Date Created: | 2024-07-16 04:13:35 | Last Updated: | 2024-07-16 04:13:35 |
| Address: | 321 N Highway 49 N , Byron, Georgia, 31008 | ||