Property Highlights
- New location for established operator with an imbedded local customer base and brand recognition
- Strong personal guarantee with sizeable net worth & large upfront investment by tenant
Free-standing restaurant building with double drive-thru adjacent to Chipotle & Panda Express - 10 year ground lease provides completely passive ownership and stable cash flow
- 10% rent increases every 5 years provide excellent hedge against inflation
- Recession and pandemic resistant, coffee and fast-food sales increased during the pandemic
- The US is the largest coffee market in the World at $15 billion in annual retail sales and 62% of Americans drink coffee every day
- Interstate location .15 miles from I-75 interchange
- Limited coffee competition and strategic position on the AM side of Paul Huff Parkway
- Shared traffic light with high volume Publix Super Market
- Excellent underlying real estate fundamentals with direct frontage to Paul Huff Parkway and full access from signalized intersection
- Tennessee has no state income tax and saw 55,000 people move to the state between June 2020 and June 2021