Montgomery, AL - Ellianos Coffee (Vaughn Rd)

Description:

• The tenant currently has 8.5 years remaining on their initial lease with 2 (5-year) options to extend, demonstrating their commitment to the site
• Ellianos Coffee was founded in Lake City, Florida and currently has 74 operating locations with over 200 additional locations planned
• The lease features a 2% annual rental increases throughout initial term and options thereafter, steadily growing the NOI and providing a hedge against inflation

• Located along Vaughn Rd, a major retail road that averages 27,200 VPD
• The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Publix, Winn Dixie, Chick-fil-A, CVS, Walgreens, Dollar General 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 The Morgan at EastChase (216 units), Berry Hill Apartments (92 units) and The Crossings at Eastchase (195 units), further increasing consumer traffic to the site

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000002NsTBYA0