For Sale
$2,205,000

321 Ga-49Byron, GA 31008

Georgia Starbucks: Prime Location, Strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple owned, brand-new Starbucks located in Byron, Georgia. Built in 2023, this 2,600 square foot, single-tenant property boasts a 10-year net lease with a corporate guarantee from Starbucks, providing significant financial stability. The lease includes four 5-year options with a 10% rental increase at the beginning of each option period. The property enjoys a prime location directly off Interstate 75 (80,700 vehicles per day), offering exceptional visibility and accessibility. With a strong NOI of $123,500 and a 5.60% cap rate, this investment offers a compelling return. The property features a drive-thru, 25 parking spaces, and sits on a 0.98-acre lot zoned C-3/PUD. Nearby retailers include Popeyes, Zaxby's, Burger King, Taco Bell, and Chick-fil-A, further enhancing the location's appeal. The property's strong demographics within a 5-mile radius contribute to its consistent performance. This is a turnkey investment with limited landlord responsibilities, making it an ideal addition to any portfolio. The asking price is $2,205,000, representing a price per square foot of $848.08. The property's 100% occupancy and strong lease terms ensure a secure and profitable investment.

Highlights

  • Brand new Starbucks with a 10-year net lease, built in 2023, including four 5-year options with 10% rental increases.
  • Fee simple ownership, net lease, and limited landlord responsibilities.
  • Prime location directly off Interstate 75 with high daily traffic counts, drive-thru, and nearby national retailers.
  • Strong demographics within a 5-mile radius and a six-figure annual net operating income.

Property Details for 321 Ga-49

Property type
Retail properties, Restaurants
Square Feet
2,600 SF
Year Built
2023
Buildings
1
Stories
1
Lot Size (sq. ft)
42,689 SF
Units
1

Location Insight

City
Byron
County
Peach
State
Georgia
Latitude
32.6635205
Longitude
-83.7397274
321 Ga-49, Byron, Georgia

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321 Ga-49
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