110 Alabama Rd Adel, GA 31620
- Retail space
- 2,500 SF
- 0.98 lot acres
Current Use by Public Records
- Retail space
Property Details for 110 Alabama Rd
- Year built
- 2024
- Lot size
- 0.98 lot acres
- Property size
- 2,500 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
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.
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
- Adel
- County
- Cook
- State
- Georgia
- Longitude
- -83.442548913706
- Latitude
- 31.137825666974
