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Details: Retail

Asking Price: $2,714,563

Square Feet: 2,500 SF

Asking Cap Rate: 5.15%

Year Built: 2022

NOI: $139,799

Starbucks (Bel Air Road)

421 S Belair Rd, Martinez, GA 30907

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

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