7431 Westbank Expy, Marrero, LA 70072

Home Court Advantage | Brand Loyalty | Strong YoY Systemwide Performance

• PJ’s Coffee, founded in New Orleans and headquartered in Mandeville, benefits from strong local recognition and brand loyalty, further boosting foot traffic towards the Property.

• PJ’s operates 190+ locations across 14 states and internationally, with 100+ more in development and 300+ licenses awarded. PJ’s expects to reach 300 units by 2026 and 500+ by 2029, reflecting strong franchise momentum.

• Unlike many legacy brands, PJ’s experienced strong YoY systemwide performance with increases in number of transactions, store sales, and average ticket size.

• This PJ’s location opened in mid-2023 and in 2024 generated sales in excess of 30% above system-wide averages.

Full-Service PJ’s Coffee Prototype Featuring Indoor & Outdoor Seating Along with Drive-Thru

• The Property is PJ’s Coffee full-service prototype with drive-thru. Unlike many drive-thru only locations, this location features indoor and outdoor seating providing greater intrinsic value.

• On average, PJ’s drive-thru’s generate 65–80% of sales and outperform their non drive-thru’s by 25%, underscoring its critical role in the business structure.

Long-Term 15-Year Absolute NNN Lease | 10% Rental Increases

• Upon the close of escrow, the franchisee will execute a 15-year Absolute NNN lease which provides for 10% rental increases every five years.

• The franchisee is the largest PJ’s Coffee franchisee, operating throughout Greater New Orleans, and also operates two other national concepts.

Prime U.S. Highway 90 Location | 66,000+ Vehicles Daily | 12 Min to New Orleans

• PJ’s is strategically located on the “going-to-work” side of Westbank Expressway (US 90) a key artery with daily traffic exceeding 66,000+ vehicles per day. The Property is easily accessible via either direction with a dedicated U-turn lane and signalized intersection located just 300 feet west of the Property.

• Westbank Expressway is the key commuter route for those living in Marrero, Algiers, Gretna and other key communities which make up New Orleans.

• Downtown New Orleans is just 13 minutes away, creating strong area demand for residential properties.

Close Proximity to Area Traffic Drivers – Retail, Local Schools & Business

• The Property is surrounded by over 5.2 million SF of retail space within 3 miles and is situated amongst other national retailers such as Wendy’s, CVS, McDonald’s, Popeye’s, Walgreens, Dollar General, Fresenius, and more – indicating strong area demand.

• In addition, within minutes are several schools, such as Isaac G Joseph Elementary (531 students), Stella Worley Middle (470 students), L.W. Higgins High (996 students), and the Lincoln School of the Arts (457 students), creating additional daily traffic and likelihood of repeat customers.

Situated Amongst Rooftops | 72,000+ Residents | $111,500+ Avg Household Income

• The Property is situated amongst numerous rooftops, with over 14,000 and 72,000 residents within a 1- and 3-mile radius, respectively. Average household incomes within these areas exceed $72,000 and $111,500 providing for greater disposable income.

• Directly behind PJ’s is the Brentwood subdivision, made up of 300 single family homes which must pass the PJ’s for any travel.

• Two nearby single-family subdivisions, Westwood (87 homes) and Acre Road (145 homes, built in 2023), sit within 1 mile of the Property. As well, approximately 800 multi-family units are located within 1 mile, reinforcing residential demand.

Strong Daytime Workforce | West Jefferson Medical Center | 7.7M+ SF of Industrial, Office, Flex Space | 480-Acre Tech & Business Park

• The Property benefits from a strong daytime Population with a strong and diverse employee base encompassing both blue and white-collar professions.

• The Property is 2.5 miles (4 minutes) from the West Jefferson Medical Center, the largest healthcare provider in the Westbank region.

  • West Jefferson features 419 beds with 2,150 employees serving the Jefferson, Plaquemines, and St. Charles Parishes.

  • West Jefferson has invested over $85+ million into the hospital since 2019 and continues to expand with new projects totaling an additional $45 million+ underway.

• Over 7.7 million square feet of industrial, office, and flex space is within 3 miles, home to major companies such as U.S. Foods, Kinder Morgan, and more:

  • 1 mile (4 minutes) directly to the north is over 3.7 million SF of space home to companies such as U.S. Foods, Kinder Morgan, and others.

  • 6 miles (5 minutes) to the east off is over 4 million SF of space home to companies such as Midship Marine, Louisiana CAT, and more.

• Within 8 minutes of Avondale Global Gateway, a major 254-acre logistics hub redevelopment.

  • PJ’s is just minutes east of the former Avondale Shipyard now known as “Avondale Global Gateway,” which began redevelopment in 2022. Avondale is currently in operation with port and rail access along with warehouse storage and manufacturing facilities.

  • It is anticipated that once complete 5,000+ on-site and off-site jobs will be created with an estimated $6.1 billion annual payroll.

• Also 8 minutes away is the 480-acre Churchill Technology & Business Park, which is under construction to include office, education, commercial, residential, civic, and flex spaces.

  • Current Park tenants include JEDCO, Patrick F. Taylor Science & Technology Academy, and Delgado Community College River City & Advanced Manufacturing.