Skip to main content

Restaurant

Starbucks - Marietta, GA

811 Church St, Marietta, GA 30060

Listing Price: $2,150,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
7.4
Guarantor
Corporate Guarantee
Rentable SF
20,081
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$5.53

Investment Overview

Marcus & Millichap exclusively represents the owners of Starbucks (the “Property”) in the sale of their property. The 1,822-square foot freestanding building is located in Marietta, Georgia and faces east on Church Street with visibility and access from two lighted intersections. The property benefits from exposure to over 19,000 vehicles per day and is directly accessible from the highly trafficked Interstate-75 highway. Located in the Medical Corridor of Marietta, this location is saturated with thousands of medical employees and patients alike and contributes to high traffic generation for the store. Starbucks has a 12-year operating history at this location and has recently extended their lease for an additional five years, demonstrating their commitment to the market and increasing the remaining lease term to just under eight years. In addition, there are still four (4) renewal options, with the next renewal coming up in 2029. The lease is NNN and has a current net operating income of $107,712 with a scheduled 10 percent rental escalation in 2024.

Investment Highlights

  • 10 Year Lease Extension in 2019
  • One Block From Wellstar Kennestone Hospital - One of the Largest in Georgia
  • Surrounded by Medical Offices Supporting Wellstar Kennestone Hospital
  • 10 Percent Rent Increase in March 2024
  • Blended Cap Rate Over Term - 5.3 Percent

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Restaurant

Starbucks - Marietta, GA

Listing Price: $2,150,000

Cap Rate
5.00%
Tenant Name
Starbucks
Years Remaining On Lease
7.4
Guarantor
Corporate Guarantee
Rentable SF
20,081
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$5.53

Investment Highlights

  • 10 Year Lease Extension in 2019
  • One Block From Wellstar Kennestone Hospital - One of the Largest in Georgia
  • Surrounded by Medical Offices Supporting Wellstar Kennestone Hospital
  • 10 Percent Rent Increase in March 2024
  • Blended Cap Rate Over Term - 5.3 Percent

Investment Overview

Marcus & Millichap exclusively represents the owners of Starbucks (the “Property”) in the sale of their property. The 1,822-square foot freestanding building is located in Marietta, Georgia and faces east on Church Street with visibility and access from two lighted intersections. The property benefits from exposure to over 19,000 vehicles per day and is directly accessible from the highly trafficked Interstate-75 highway. Located in the Medical Corridor of Marietta, this location is saturated with thousands of medical employees and patients alike and contributes to high traffic generation for the store. Starbucks has a 12-year operating history at this location and has recently extended their lease for an additional five years, demonstrating their commitment to the market and increasing the remaining lease term to just under eight years. In addition, there are still four (4) renewal options, with the next renewal coming up in 2029. The lease is NNN and has a current net operating income of $107,712 with a scheduled 10 percent rental escalation in 2024.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

MM Texture Background
MM Textured Background Lower