DEALS

Deals

Starbucks – Augusta, GA

THE OPPORTUNITY

  • Investment Grade Tenant
  • New construction
  • Starbucks Credit Rating: Baa+ by S&P Credit
  • NASDAQ: SBUX
  • No Termination Clause
  • 10% Rent escalation years 6-10
  • 4, Five Year Options
  • 10% rental increase in first option
  • 10% rental increases in final three options
  • NN Lease
  • Landlord responsible for roof and structure, 20 year Roof Warranty
  • Starbucks is the world’s largest coffee shop chain

THE HIGHLIGHTS

  • Nearest coffee retailer to I-20 Exit 194
  • On the AM side of the primary corridor accessing Fort Gordon
  • Close proximity to Fort Gordon, Fort Gordon employees 35,000 military, civilian, and contractor personnel
  • S Belair benefits from a strong traffic count of 35,400 ADT
  • Interstate 20 at the S Belair Rd exit has a traffic count of 76,00 ADT
  • Site sits 500’ from Interstate 20
  • Great visibility from S Belair Rd
  • Limited coffee retailers in the submarket

THE DEAL POINTS

  • Cap Rate: 4.50%
  • Price: $3,107,000
  • S&P Credit: BBB+
  • NOI: $139,800
  • Square Footage: 2,500 SF
  • Acreage: 1.15 acres
  • Occupancy: 100%
  • Year Built: 2022

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