Property Highlights
Atlantic Capital Partners has been engaged to offer a free-standing Starbucks in Forsyth, GA. The property sits immediately off of Exit 187 from I-75, with excellent exposure from both the exit ramp and I-75. The property sits in Forsyth’s major retail corridor and is surrounded by popular national tenants including Walmart, McDonald’s, Burger King, Zaxby’s, Wendy’s, & Circle K. This Starbucks sits as the only Starbucks in Monroe County, GA and the only Starbucks along I-75 for approximately 18 miles north and south.
• 10 Year Lease -10% rent increase in year 6 | NN lease with no early termination clause
• Only Starbucks in Monroe County- The next closest Starbucks lies over 18 miles away in Macon, GA | Excitement surrounded the community with the opening of this Starbucks
• Corporate Guaranty from Investment Grade Tenant- Starbucks has a Market Cap of $99B (NASDAQ: SBUX) with over 33,000 locations across the country | S&P rating of BBB+
• Excellent Visibility- Off of Exit 187 from I-75 which realizes over 1,600 vehicles per day | I-75 (76,200 VPD) | Cabiniss Rd (12,200 VPD)
• Drive Thru + Interstate Location- The property features a drive-thru, which studies have shown can increase restaurant sales by as much as 8% and has shown to be increasingly popular as consumer’s demands towards safety change
• New Construction- Brand New Construction should limit a new owner’s exposure to capital repairs during the hold period
• Proximity to Walmart Supercenter & Hotels- This Starbucks sits in proximity to the only Walmart in Monroe County and adjacent to two hotels which will help drive patron volume to the Starbucks
• Growing Area and Demographics- Positive population growth projected within 1,3, and 5-mile radius of the property