Kennesaw, GA (Cobb Pkwy) - Caribou Coffee

Description:

• The tenant just recently signed a 10-year lease with 3 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 10% rental increases every 5 years during the initial term and at the beginning of each option, growing NOI and hedging against inflation
• Caribou Coffee serves high-quality handcrafted beverages and crave-worthy food in more than 800 coffeehouses worldwide

• The site is ideally located in a dense retail corridor, with numerous nearby national/credit tenants including Burger King, Publix, Autozone, Dollar General, Walgreens, Pep Boys, and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• Furthermore, the asset is in close proximity to Kennesaw Elementary School (575 students) and Cobb County International Airport (300 flights/day), increasing consumer traffic to the immediate trade area

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Listing ID: a28TP000001oLOrYAM