Listed by Marcus & Millichap - Washington, D.C., Marcus & Millichap - Charlotte Uptown
$3,285,357
Starbucks Center at Port Allen
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 8,000
Units 4
Cap Rate 6.70%
NOI $220,248
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Lease Options Vary
Year Built 2019
Acreage 1.080
Investment Type Stabilized
Ground Lease No
Credit Tenant Strip | Walmart Outparcel | Signalized Corner
Marketing description
100% Occupied Creditworthy Retail Strip
- Opportunity to acquire an 8,000 square-foot, 100% occupied credit retail strip located in a rapidly growing suburb directly west of Baton Rouge.
- Anchored by national and regional brands operating under long-term NNN leases, providing investors with passive income and limited management exposure.
- Staggered lease expirations extending through 2030, combined with multiple renewal options, creates predictable cash flow and long-term stability.
- Neighboring tenants Raising Cane’s and Walmart Supercenter generate consistent daytime traffic. Collectively, the two retailers draw more than 2.04 million customer visits annually per Placer.ai, underscoring the strength of the location and depth of consumer demand.
Strategic Positioning in the Market
- Strategically positioned at a signalized, hard-corner intersection along LA Highway 1, Port Allen’s primary commercial corridor.
- Exceptional visibility and exposure to 55,000 vehicles per day. Immediate access to Interstate-10 and regional connectivity to the greater Baton Rouge MSA and surrounding trade areas.
- Dense, growing submarket featuring 35,156 residents within 3-miles and nearly 90,000 within five-miles.
- Population and household counts are projected to grow 11–15% by 2029, indicating a steadily expanding consumer base for retail trade.
- Behind the commercial frontage, approximately 300+ acres are slated for a mixed-use lifestyle community, now in infrastructure planning and seeking financing. It will include significant residential density and complementary commercial uses, reinforcing retail demand at the subject property.
Listing Contacts
Listed by Marcus & Millichap - Washington, D.C., Marcus & Millichap - Charlotte Uptown
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$220,248.00
$18,354.00/mo
Valuation Metrics
0
DSCR
6.7%
Cap Rate
6.7%
ROI
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