Lilburn, GA - Starbucks

Description:

• Starbucks recently signed an extremely rare 20-year ground lease with 6 (5-year) options to extend, demonstrating their long-term commitment to the site
• 2024 construction which features high-quality materials, high-level finishes, and distinct Starbucks design elements
• The lease is corporate signed by Starbucks, an investment grade (S&P: BBB+), nationally recognized, and established firm with over 40,200 stores
• The lease features 10% rental increases every 5 years and at the beginning of each option
• With rent at $16/SF, a future investor will be purchasing the asset at well below replacement cost

• Starbucks is ideally located at the hard corner of Stone Mountain Hwy and Paxton Dr SW averaging 75,200 VPD
• Stone Mountain Hwy is the primary retail corridor serving the city of Lilburn
• Surrounding retailers include The Home Depot, PetSmart, Chick-fil-A, Walmart, and more
• Just North of Shiloh High School and located within a strong residential corridor, providing direct consumer bases from which to draw
• The site is equipped with a drive-thru, allowing for Starbucks to maximize efficiency and productivity at this location