Pike Road, AL - Ellianos Coffee

Description:

• The tenant currently has 7 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

• Ideally positioned off I-85 (42,900) VPD, allowing for on/off ramp access to the site and surrounding trade area
• Near Hwy 80 which averages 7,600 VPD
• The site is near multiple national/credit tenants including Publix, Mavis, Dollar General, Circle K, Autozone, McDonald’s 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 Stone Martin Builders at Abbington, Loweder New Homes - Woodland Creek, and Woodland Creek

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Listing ID: a28TP000002NryXYAS