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Caribou Coffee | High Growth Kennesaw GA | 2026 Opening

$2,153,846

2705 Cobb Parkway NW, Kennesaw, GA 30144

Active
Last Updated: 06/10/2026

6.5

Cap Rate

140,000

NOI

Details:
Cap Rate:    6.5%
NOI:    $140,000
Building Size:    1,466 sqft
Lot Area:    0.85 acres
Highlights:
  • Corporate Guaranty: Caribou Coffee operates 494+ locations in the United States and over 800 locations worldwide
  • 2026 Grand Opening: New 10-Year Lease kicked off in January.
  • Rare Fee Simple Ownership: Qualifies investor for potential depreciation benefits
  • 10 Year NNN Lease: Tenant responsible for all operating expenses, taxes & insurance. Landlord only responsible for roof & structure. 2025 full renovation includes a 20-year roof warranty that can be assigned to new landlord.
  • Booming Kennesaw GA: Over 1,100 Class A residential units built since 2023 with 760 luxury townhomes currently under development within 1.5 miles of subject property
  • Ideal Demographics: Caribou Coffee will draw on a population of 297,014 residents with average household incomes of $131,085 Dollars within a 7-mile radius
Description:

Faris Lee Investments is pleased to present the opportunity to acquire a drive-thru equipped Caribou Coffee property located in Kennesaw, Georgia, one of Atlanta's fastest-growing and most affluent suburbs. The asset is secured by a new 10-year NNN lease backed by a corporate guaranty from Caribou Coffee, a globally recognized coffee brand operating more than 800 locations worldwide. The lease features 10% rental increases every five years, providing attractive inflation protection and growing cash flow.

The offering includes rare fee simple ownership of both the land and improvements, providing long-term residual value and depreciation benefits. Backed by Caribou Coffee and its parent company, JAB Holding Company, this investment offers a compelling combination of durable cash flow, strong real estate fundamentals, and exposure to one of metro Atlanta's most dynamic growth markets

Strategically positioned within a high-performing Publix-anchored corridor along Cobb Parkway (42,500+ VPD), the property benefits from exceptional demographics, including 297,000 residents and average household incomes exceeding $131,000 within the trade area. The location is less than two miles from Kennesaw State University (51,000 students) and surrounded by more than 1,100 recently delivered Class A multifamily units, reinforcing long-term consumer demand.

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