2414 Marietta Blvd Atlanta, GA 30318
- Retail space
- 4,056 SF
- 1.19 lot acres
Current Use by Public Records
- Two Dogs Bottle Shoppe / Liquor Store
- Celeb Wash / Car Detailing Service / Car Wash
Property Details for 2414 Marietta Blvd
- Year built
- 1985
- Construction
- WOOD
- Lot size
- 1.19 lot acres
- Property size
- 4,056 SF
- Zone code
- I2
- Property type
- Retail space
- APN
- 17 024300020207
- APU
- 17024300020207
Description
This exceptional investment opportunity presents a rare 20-year ground lease for a Starbucks located at 2414 Marietta Blvd NW, Atlanta, GA 30318. The 2,500 square foot, newly constructed (2024) double drive-thru Starbucks boasts a below-market rent of $230,000 annually, representing a 4.00% cap rate and a $2,500 price per square foot. The property features a corporate guarantee from Starbucks, providing exceptional tenant credit strength. The lease includes a 10% rent increase every five years and five (5) year renewal options, extending the lease to December 31, 2043. Situated on a hard corner with direct access to I-75 and I-285, this location benefits from high visibility and accessibility within a rapidly developing urban area. The property is characterized by low-density development in a high-density area, offering significant long-term growth potential. The surrounding area is affluent, with limited fast-food competition and low retail space per capita. This investment offers a secure, high-return opportunity with significant upside potential due to the long-term lease, rent escalations, and prime location in a rapidly growing market. The property's all-in land value basis and assured property valuation at lease expiration further enhance its investment appeal. The property is situated in a highly rated market, just miles from Downtown Atlanta, and benefits from significant institutional investment in the surrounding trade area. This is a truly unique opportunity to acquire a trophy asset with exceptional long-term value.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Atlanta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.4563
- Latitude
- 33.8216
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
