Kennesaw, 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 10% 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 750 coffeehouses worldwide

• Caribou Coffee is strategically located off the signalized intersection of Chastain Road and Barrett Lakes Blvd
• Directly off I-75 (137,000 VPD), allowing direct on/off ramp access to downtown Atlanta and the surrounding trade area
• The trade area is supported by surrounding retailers such as Walmart Supercenter, Best Buy, Publix, Petco, and more
• 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