Listed by Marcus & Millichap - Manhattan
$2,083,333
Starbucks - Rare 12 Years - Recent Construction
Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 2,165
Net Rentable (SqFt) 2,165
Units 1
Cap Rate 6%
NOI $125,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks
Lease Type NN
Lease Term 16.3
Lease Expiration 02/27/2039
Remaining Term 12.6
Rent Bumps Yes
Lease Options 6, 5-Year
Broker Co-Op Yes
Class A
Year Built 2023
Year Renovated 2023
Buildings 1
Stories 1
Acreage 0.760
Parking Spaces 25 spaces
Parking per 1,000 SqFt 11.55
Investment Type Net Lease
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/06/2022
Occupancy Date 11/06/2022
Ground Lease No
Ownership Fee Simple
High Income -- Heavy Traffic -- Strong Retail Corridor
Investment highlights
- Passive Starbucks Leased Asset with High Traffic: Starbucks Leased Asset with Minimal Landlord Maintenance Located on a Heavily Trafficked Section of Sam Houston Jones Parkway (21,000 Vehicles Per Day (VPD)) in Lake Charles, LA
- Rare 15-Year Lease w/ 12 Years Remaining and Rent Increases: Rare Opportunity to Purchase This Recently Constructed Building (2023) with Roughly 13 Years of Base Term Remaining and 10 Percent Rent Increases in 2029 and in Each Option to Hedge Inflation
- High Activity Walmart Anchored Retail Center: Heavily Trafficked Retail Node Anchored by One of the Most Highly Trafficked Walmart Locations in Louisiana (Placer.ai) with Surrounding Tenants Including Popeyes, Taco Bell, and McDonald’s
- Directly Across from Moss Bluff Elementary School: Strategically Positioned Site Located Directly Across from Moss Bluff Elementary School with +/- 1,000 Students (Grades Pre-K Through 5) Providing a Built-In Activity Generator
- Ideal Affluent/Wealthy Customer Base: Situated in an Area with Over 41,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $126,000 Making This an Ideal Starbucks Location
- Corporate Guarantee: Lease Corporately Guaranteed by Starbucks, the Largest Coffeehouse in the World with Over 40,000 Stores Globally in 80 Countries, 15,000+ of Which Are Located in the U.S.
Listing Contacts
Listed by Marcus & Millichap - Manhattan
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$125,000.00
$10,416.67/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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