110 Alabama RdAdel, GA 31620

Property Details for 110 Alabama Rd

Year built

2024

Lot size

0.98 AC

Property size (Sq ft)

2,500 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a brand-new, 2,500 square-foot Starbucks located at 110 Alabama Road, Adel, GA 31620. Built in 2024, this property boasts a 20-year roof warranty and a compelling net lease structure with a corporate guarantee from Starbucks Corporation (SBUX). The lease, commencing January 9, 2024, and expiring September 30, 2034, offers a remaining term of 9.9 years, with six five-year renewal options. Rent increases of 10% every five years provide a strong hedge against inflation. The property enjoys a prime location adjacent to a Walmart Supercenter, ensuring high visibility and foot traffic. The area also features a robust concentration of national retailers, including Burger King, Taco Bell, Wendy's, McDonald's, and more. The 0.979-acre lot contributes to the property's significant value. The current net operating income (NOI) is $177,500, resulting in a 6.00% cap rate and a price per square foot of $1,183.33. The asking price for this exceptional investment is $2,958,333. This strategically located Starbucks benefits from proximity to Cook County Airport and Cook Medical Center, further enhancing its investment potential. There is no kick-out clause in the lease. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential.

Location Insight

City

Adel

County

Cook

State

Georgia

Latitude

31.1378

Longitude

-83.4426

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].