Lawrenceville, 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 12.5% 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

• Caribou Coffee is strategically located at the signalized, hard corner intersection of Buford Drive and Swanson Drive, which combine to average more than 58,000 vehicles passing by daily
• Located just off U.S. Highway 29 (98,600 VPD), allowing direct access to those travelling to Atlanta and the surrounding trade areas
• The building is equipped with a drive-thru, providing ease and convenience for customers
• On average, stores with a drive-thru experience higher sales than those without

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Listing ID: a28TP000002RnQ5YAK