Description

Faris Lee Investments is pleased to present the opportunity to acquire a drive-thru-equipped Caribou Coffee property in Kennesaw, Georgia, one of the fastest-growing and most affluent suburbs within the Atlanta metropolitan area. The asset is secured by a newly executed 10-year triple-net (NNN) lease backed by a corporate guaranty from Caribou Coffee, a globally recognized coffee brand with more than 800 locations worldwide. The lease structure includes 10% rental escalations every five years, providing built-in income growth and a hedge against inflation. Strategically positioned within a high-traffic Publix-anchored retail corridor along Cobb Parkway, which experiences more than 42,500 vehicles per day, the property benefits from outstanding visibility and accessibility. The surrounding trade area features approximately 297,000 residents and average household incomes exceeding $131,000, supporting strong consumer spending and long-term tenant performance. The site is located less than two miles from Kennesaw State University, home to more than 51,000 students, and is further supported by over 1,100 recently completed Class A multifamily units that continue to drive population growth and demand. The offering includes fee simple ownership of both the land and improvements, providing investors with valuable long-term control, residual real estate value, and potential depreciation advantages. Supported by the strength of Caribou Coffee and its parent company, JAB Holding Company, this investment presents a compelling combination of stable cash flow, contractual rent growth, strong underlying real estate fundamentals, and exposure to one of metro Atlanta’s most dynamic and rapidly expanding markets.