Starbucks

321 GA-49, Byron, GA 31008

$2,205,000

Cap Rate 5.60%

Views: 167 DOM: 171 Updated: 11.22.24 Posted: 06.15.24 Status: Active

Summary

Price $2,205,000	Built/Renov 2023	Tenant Starbucks
Cap Rate 5.60%	Lease Type Double NN	Guarantor Corp T and Rated
Size/SF 2,600	Lease Start 09-08-2023	#Units 38,038
Price/SF $848.08	Expiration 02-28-2034	Tenant Type Fast Food/QSR
NOI $123,500	R. Term 9.2	Ownership Fee Simple
Rent/SF $47.50	Increases 10.0%/4/yrs	Pop 5Mi 39,761
Lot/AC 0.98	Options 4/5yrs/10%	AHHI 5Mi $86,520

Michael Berk

SRS National Net Lease Group

Contact

Lease Highlights

New 2023 construction
Brand-new 10-year lease with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and option periods
Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located at the signalized, hard corner intersection of GA-49 and Peachtree Parkway, with access to a combined daily traffic count of 16,800 vehicles. The property is situated directly off Interstate 75 (80,700 VPD) and has direct on/off ramp access. The immediate area is surrounded by well-known national tenants, including Popeyes, Zaxby’s, Burger King, Taco Bell,...

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Key Features

New construction
Hard corner intersection
Dense retail corridor
Freeway close
Highway location
Affluent suburb location
Major MSA
Brand new lease
Traded and rated company
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Byron, Georgia Zip Code 31008 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Starbucks
Guarantor:Corp T and Rated
Company:Starbucks Corporation
# Units:38,038
Tenant S&P: BBB+
Moody’s: Baa1
Stock: NASDAQ: SBUX

About Tenant

Starbucks Corporation (NASDAQ: SBUX) is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official...

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Demographics

	1 Miles	3 Miles	5 Miles
2029 Total Population :	1,767	15,917	41,884
2024 Total Population :	1,666	15,170	40,379
2024 Employed Civilian Pop :	510	6,238	17,769
2024 Total Businesses :	152	389	1,363
2024 Average Household Income :	$ 62,800	$ 90,980	$ 87,916
2024 Total Consumer Spending :	$ 40 M	$ 467 M	$ 1255 M
2024 Median Age :	45	40	41
2024 Total Households :	724	5,796	16,179
2024 Pop Age 25+: Bachelor's Degree :	87	1,018	3,419
2024 Average Home Value :	$ 180,926	$ 210,994	$ 253,455

*ESRI data is presented for informational purposes only

Listing Broker

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