Investment Highlights

100% LEASED TWO-TENANT RETAIL ASSET WITH DRIVE-THRU
» Starbucks Corporation (NASDAQ: “SBUX”) is the world’s premier coffee company, with over 29,000 locations and $26.5 billion in annual revenue
» Full 10-year Starbucks lease (no early termination)
» Starbucks has a drive-thru for added customer convenience
» Peachtree Immediate Care is the largest urgent care operator in the greater Atlanta area with 33 centers
» Scheduled rental increases in initial terms and extension terms, providing a hedge against inflation
» Complimentary mix of “Amazon-proof” retailers

HIGH-TRAFFIC INFILL LOCATION IN DENSELY POPULATED RETAIL CORRIDOR
» High-traffic location along Bill Gardner Parkway, with excellent visibility and access to 23,500 vehicles per day
» Immediate access to highly trafficked Georgia thoroughfares, including Interstate 75 (98,800 AADT) and U.S. Route 23 (23,900 AADT)
» 37,091 residents live within a five-mile radius of the property, establishing a large customer base for the site
» Located in a robustly affluent area, with an average annual household income of $93,967 within a one-mile radius of the property
» Projected 13 percent average annual household income increase within one mile of the site in the next five years

NEAR LARGE EMPLOYERS, RETAILERS, AND COMMUNITY HUBS
» Immediately surrounded by a strong mix of local and national retailers, including Dunkin’, Steak n’ Shake, Wendy’s, Zaxby’s, Burger King, McDonald’s, and many more
» Within walking distance of Tanger Outlets, Locust Grove’s primary shopping outlet featuring 80 stores and 321,000 SF of retail space, promoting crossover shopping
» Located within one mile of 10 hotels, significantly increasing foot traffic to the site
» Beneficial proximity to local tourist attractions and community hubs, including Warren Holder Park and Noah’s Ark Animal Sanctuary (100,000 annual visitors)
» 30 minutes from Downtown Atlanta, the most populous city in Georgia (506,811 residents)

Property Description

SOLD

The property has a high-traffic location along Bill Gardner Parkway, with excellent visibility and access to 23,500 vehicles per day. The site is also centrally located near highly trafficked Georgia thoroughfares, including Interstate 75 (98,800 AADT) and U.S. Route 23 (23,900 AADT). The property is located in a densely populated and affluent area, with 37,091 residents living within a five-mile radius of the site and an average annual household income of $93,967 within one mile of the site. Starbucks & Peachtree Immediate Care are also poised to grow along with the location, with a projected 13 percent average annual household income increase within one mile of the site in the next five years.

The property benefits from its central location near many of the region’s largest employers, retailers, and community hubs. The location is immediately surrounded by a strong mix of local and national retailers, including Dunkin’, Steak n’ Shake, Wendy’s, Zaxby’s, Burger King, McDonald’s, and many more. The location resides within walking distance of Tanger Outlets, Locust Grove’s primary shopping outlet featuring 80 stores and 321,000 SF of retail space, promoting crossover shopping to the property. The site benefits from being centrally located within one mile of 10 hotels, significantly increasing foot traffic to the site. The property maintains a beneficial proximity to local tourist attractions and community hubs, including Warren Holder Park and Noah’s Ark Animal Sanctuary (100,000 annual visitors). The location is also 30 minutes from Downtown Atlanta, the most populous city in Georgia (506,811 residents).