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Starbucks 321 N GA Highway 49 N

2,600 SF Retail Building Byron, GA 31008 $2,205,000 ($848/SF) 5.60% Cap Rate

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 Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,600 SF
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
Zoning
C-3/PUD

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
055D-096
Land Assessment
$200,680
Improvements Assessment
$67,840
Total Assessment
$268,520
  • Listing ID: 31845066

  • Date on Market: 5/17/2024

  • Last Updated:

  • Address: 321 N GA Highway 49 N, Byron, GA 31008

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