Smyrna, GA - Caribou Coffee

Description:

• The tenant just recently signed a 10-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 12.50% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation
• Caribou Coffee serves high-quality handcrafted beverages and crave-worthy food in more than 800 coffeehouses worldwide

• The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Kroger, Publix, Burger King, Taco Bell, Dollar General, Ace Hardware, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Furthermore, the asset is in close proximity to Osborne High School (2,773 students), Campbell High School (3,030 students), Belmont Hills Elementary School (314 students), and Norton Park Elementary School (673 students) which increases consumer traffic to the subject area