Augusta, GA - Caribou Coffee

Description:

• The tenant, Caribou Coffee Operating Company Inc., recently signed a brand new 10-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features a 12.50% rental increase during year 6 of the initial term and at the beginning of each option period, growing NOI and hedging against inflation
• The lease is signed by the corporate entity
• Caribou Coffee is a well-known and established coffee chain with more than 800 coffeehouses worldwide

• The subject property is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Kroger, Chick-fil-A, Burger King, Publix, McDonald’s, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The asset is in close proximity to Augusta National, which is known for hosting the Master’s, that attracts more than 90,000 patrons during the tournament

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000001wmQHYAY