Red Owl Coffee

5586 Thomaston Road, Macon, GA 31220

$1,600,000

Cap Rate 7.50%

$1,600,000

Cap Rate 7.50%

DOM: 40 Updated: 07.22.24 Posted: 11.11.23 Status: Sold 12.21.23

Summary

Price $1,600,000 $1,600,000	Built/Renov 2023	Tenant Red Owl Coffee
Cap Rate 7.50% 7.50%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 1,500	Lease Start 09-09-2023	#Units 1
Price/SF $1,066.67 $1,066.67	Expiration 09-08-2033	Tenant Type Fast Food/QSR
NOI $120,000	R. Term 8.4	Ownership Fee Simple
Rent/SF $80.00	Increases 10.0%/5/yrs	Pop 5Mi 75,829
Lot/AC 0.40	Options 2/5yrs/10%	AHHI 5Mi $77,545

Robby Pfeiffer

Marcus & Millichap

Contact

Lease Highlights

Brand-new 2023 construction
Red Owl Coffee recently signed a brand-new 10-year lease with 2 (5-year) options to extend
Lease features 10% rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Personally guaranteed lease

Location Description

This brand-new Red Owl Coffee is strategically located on Thomaston Rd. which sees 22,300 vehicles passing by daily. It is also not far from Interstate 475 which boasts and additional 64,000 vehicles per day. The property is surrounded by national retailers including Publix, O’Reilly Auto Parts, Mavis Tire, Popeye’s, Dollar General and more, creating a strong drive to the trade area and...

...

Key Features

New construction
New prototype
Near major nationals
Shopping Ctr out-parcel
Strategically located
Strong tenant synergy
Major MSA
Brand new lease
Absolute NNN
Personal guarantee

...

Links

Red Owl Coffee Wikipedia Macon, Georgia Zip Code 31220 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Red Owl Coffee
Guarantor:Franchisee
Company:Franchisee
# Units:1
Stock:Private

About Tenant

Red Owl Coffee Company is a regional chain of coffee shops. They offer a variety of craft-roasted coffees, teas and specialty drinks as well as sandwiches, muffins, protein bowls and bagels....

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	1,853	21,931	76,792
2023 Total Population :	1,806	22,284	77,593
2023 Employed Civilian Pop :	1,126	9,490	32,355
2023 Total Businesses :	146	796	2,238
2023 Average Household Income :	$ 99,407	$ 84,577	$ 82,831
2023 Total Consumer Spending :	$ 71 M	$ 653 M	$ 2180 M
2023 Median Age :	41	38	39
2023 Total Households :	839	8,885	30,344
2023 Pop Age 25+: Bachelor's Degree :	195	2,309	7,972
2023 Average Home Value :	$ 218,232	$ 252,708	$ 242,244

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Thomaston Road	Knight Rd	2021	19,400	0.22 mi
McManus Fd S	Thomaston Rd	2004	113	0.38 mi
Thomaston Rd	Cavalier Dr	2005	20,380	0.44 mi
	Mercer Junction	2021	3,240	0.55 mi
	Mercer Junction	2021	3,230	0.64 mi
Tucker Road	Thomaston Rd	2021	10,300	0.65 mi
	Thomaston Rd	2021	4,030	0.65 mi
	Tucker Valley Rd	2021	4,080	0.72 mi
Moseley Dixon Road	Nautica Pt	2021	3,220	0.82 mi
Heath Road	Simsbury Ln	2021	6,820	0.88 mi

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT