For Sale
$5,750,000

2414 Marietta BlvdAtlanta, GA 30318

Prime QSR, 20-year lease, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a rare 20-year ground lease for a Starbucks located at 2414 Marietta Blvd NW, Atlanta, GA 30318. The 2,500 square foot, newly constructed (2024) double drive-thru Starbucks boasts a below-market rent of $230,000 annually, representing a 4.00% cap rate and a $2,500 price per square foot. The property features a corporate guarantee from Starbucks, providing exceptional tenant credit strength. The lease includes a 10% rent increase every five years and five (5) year renewal options, extending the lease to December 31, 2043. Situated on a hard corner with direct access to I-75 and I-285, this location benefits from high visibility and accessibility within a rapidly developing urban area. The property is characterized by low-density development in a high-density area, offering significant long-term growth potential. The surrounding area is affluent, with limited fast-food competition and low retail space per capita. This investment offers a secure, high-return opportunity with significant upside potential due to the long-term lease, rent escalations, and prime location in a rapidly growing market. The property's all-in land value basis and assured property valuation at lease expiration further enhance its investment appeal. The property is situated in a highly rated market, just miles from Downtown Atlanta, and benefits from significant institutional investment in the surrounding trade area. This is a truly unique opportunity to acquire a trophy asset with exceptional long-term value.

Highlights

  • Rare 20-year ground lease for a newly constructed (2024) Starbucks in Atlanta, GA.
  • 2,500 SF building with a double drive-thru, boasting below-market annual rent of $230,000 (4.00% cap rate, $2,500/SF).
  • Corporate guarantee from Starbucks and a 10% rent increase every five years, with five 5-year renewal options (lease to 12/31/2043).
  • High-visibility hard corner location with I-75 & I-285 access in a rapidly developing area, offering significant long-term growth potential.

Property Details for 2414 Marietta Blvd

Property type
Retail properties
Square Feet
2,500 SF
Year Built
2024

Location Insight

City
Atlanta
County
Fulton
State
Georgia
Latitude
33.821676569187
Longitude
-84.456288667342
2414 Marietta Blvd, Atlanta, Georgia

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2414 Marietta Blvd
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