321 Ga-49Byron, GA 31008

Property Details for 321 Ga-49

Year built

2023

Lot size

0.98 AC

Property size (Sq ft)

2,600 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Byron

County

Peach

State

Georgia

Latitude

32.6635

Longitude

-83.7397

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