1758 Washington Rd Thomson, GA 30824-7201

Property Details for 1758 Washington Rd

Year built

2022

Construction

WOOD FRAME

Lot size

1.73 lot acres

Property size

2,521 SF

Zone code

C2

Property type

Drive through restaurants

APN

0T070 00000 001 000

APU

0T07000000001000

Description

This exceptional investment opportunity presents a 2,620 square foot Starbucks located at 1758 Washington Rd, Thomson, GA 30824. Built in 2022, this single-tenant, net-lease property boasts a strong corporate guarantee from Starbucks Corporation (investment-grade credit rating of Baa1/BBB+), with a remaining lease term of 7.8 years expiring August 30, 2032. The property features a substantial 21% rent increase in the first option period, followed by 10% increases in subsequent options. Situated on a 1.74-acre lot with 22 parking spaces, this location benefits from high visibility and accessibility on Washington Road (13,300 vehicles per day) and proximity to I-20 Exit 172 (30,600 vehicles per day), a major highway connecting Atlanta and Augusta. The property is part of a thriving retail corridor, near Piedmont McDuffie Hospital, Augusta Technical College, and numerous other national retailers. The current Net Operating Income (NOI) is $115,000, representing a 5.50% cap rate on the asking price of $2,091,000 ($798.09 per square foot). The property's strong tenant, favorable lease terms, and prime location make it an attractive investment opportunity. Lease options include 6 and 5-year terms. The property is 100% occupied since August 31, 2022. Permitted zoning is commercial.