110 Alabama Rd Adel, GA 31620
This exceptional investment opportunity presents a brand-new, 2,500 square-foot Starbucks located at 110 Alabama Road, Adel, GA 31620. Built in 2024, this property boasts a 20-year roof warranty and a compelling net lease structure with a corporate guarantee from Starbucks Corporation (SBUX). The lease, commencing January 9, 2024, and expiring September 30, 2034, offers a remaining term of 9.9 years, with six five-year renewal options. Rent increases of 10% every five years provide a strong hedge against inflation. The property enjoys a prime location adjacent to a Walmart Supercenter, ensuring high visibility and foot traffic. The area also features a robust concentration of national retailers, including Burger King, Taco Bell, Wendy's, McDonald's, and more. The 0.979-acre lot contributes to the property's significant value. The current net operating income (NOI) is $177,500, resulting in a 6.00% cap rate and a price per square foot of $1,183.33. The asking price for this exceptional investment is $2,958,333. This strategically located Starbucks benefits from proximity to Cook County Airport and Cook Medical Center, further enhancing its investment potential. There is no kick-out clause in the lease. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.