Starbucks | Publix Outparcel | Atlanta MSA

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2100 Vernon ST
LaGrange, GA

Price: $3,305,000

Cap: 5.75%

NOI: $189,996

Building Size: 2,500 SF

Lot Size: 0.82 AC

Investment Highlights

BRAND NEW 10-YEAR STARBUCKS WITH DRIVE-THRU

• This new 2,500 SF Starbucks with a drive-thru is positioned at the entrance of a new Publix Anchored Shopping Center on Hwy 14 (17,200 VPD) in LaGrange (Troup County), GA.

• Starbucks is currently under construction and is scheduled to open in February 2024.

• There is a new 10-Year Corporate Guaranteed NN Lease with 10% rent increases in each of the Three, 5-year options.

• There is no early termination right, and Starbucks took no tenant improvement allowance for construction.

• The tenant is responsible for routine parking lot maintenance, landscaping, HVAC, and Utilities. The tenant fully reimburses for Taxes and Insurance.

• The landlord has limited responsibilities that include roof & structure, and major repair or replacement to the parking lot.

OUTPARCEL TO NEW RELOCATION PUBLIX ANCHORED SHOPPING CENTER

• Starbucks sits directly in front of a new relocation Publix Anchored Shopping Center and next to a Chick-fil-A.

• Publix relocated to take advantage of the numerous current and future industrial, medical, and residential developments next to and nearby this center.

• An 88 Unit Senior Living facility and 315-Unit Apartment Complex (under construction) sit behind this Publix and will share an entry point with the shopping center.

• WellStar West GA Medical Center is directly across the street from this property. WellStar West is a 157,000 SF facility with 550 beds and 250 employees.

• A new elementary school and 1200-unit master-planned residential community have been approved to the East of this shopping center.

• This Publix will also service the employees of the $1.8 Billion Hyundai-Kia Factory (12 Miles South) in West Point with 3,000 people and another 14,000 jobs.

• This plant is also in the process of expanding to include an EV Battery facility bringing more jobs and customers.

• Other Nearby national retailers include a Walmart Supercenter, Home Depot, Hobby Lobby, Harbor Freight Tools and more.

LAGRANGE, GA | ATLANTA MSA

• LaGrange is located about an hour southwest of Atlanta on Interstate 85 (39,400 VPD) and is a part of the Atlanta MSA.

• The Largest International business park in the Southeast and fourth largest in the country is located in LaGrange with 41 international companies with a new 191,000 SF industrial warehouse.

• KIA Motors has its only US assembly plant just south of LaGrange. The plant covers 2,200 AC and produces over 340,000 vehicles per year. The plant is the county’s

• Walmart has a 1M SF distribution center in LaGrange.

• LaGrange College is the oldest private college in Georgia with nearly 750 students and 68 faculty members.

• LaGrange is the county seat of Troup County.

STARBUCKS HAS AN INVESTMENT GRADE RATING OF “BBB+” | 35,711 LOCATIONS

• Starbucks has an S&P Investment Grade Credit Rating of “BBB+” and is Ranked #120 on the Fortune 500 List. • Starbucks is the world’s premier coffee company with over 35,711 locations and $32.3 billion in annual

revenue and is ranked #1 in the Food Services Industry by Fortune in 2023.

Don McMinn

678-808-2762 | EMAIL >

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