Montgomery, AL - Ellianos Coffee (Eastchase Pkwy)

Description:

• The tenant currently has 8 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 (52,500) VPD, allowing for on/off ramp access to the site and surrounding trade area
• Along Eastchase Pwky which averages 17,800 VPD
• The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Target, Home Depot, Hobby Lobby, Academy, Costco, Publix, 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 Auburn University at Montgomery (5,200 students), further increasing consumer traffic to the site

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Listing ID: a28TP000002Nrk1YAC