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32279765
32279766

2207 VETERANS MEMORIAL DR, ABBEVILLE, LA 70510 For Sale

JW
CA 01448585
Wertz Real Estate Investment
Listed by Wertz Real Estate Investment
$2,019,024
83 days on market
Updated 83 days ago

Starbucks | New 10-Year Corporate Lease

Details
APN RA254550A
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,016
Units 1
Cap Rate 6.35%
NOI $128,208
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 07/30/2034
Remaining Term 8
Rent Bumps Yes
Lease Options (4) 5-Year Options
Class A
Year Built 2024
Lot Size (SqFt) 31,746
Tenant Credit Corporate Guarantee
Ground Lease No

New 2024 High-Quality | Surrounded by Growing Population

Marketing description

The subject property is a newly constructed Starbucks drive-thru located in Abbeville, LA. The brand-new 10-year lease is corporately guaranteed by Starbucks and includes structured rental increases every 5 years in the primary term and in the (4) five-year option periods.

This brand-new Starbucks is located in a vibrant area benefiting from excellent visibility and access along Veterans Memorial Drive, with traffic counts exceeding 21,500 vehicles per day. The property is surrounded by a growing population, with 188,000 residents within 15 miles and an average household income exceeding $95,000 annually. The site’s location in a high-traffic corridor ensures steady foot and vehicle traffic, making it an ideal investment opportunity. This investment offers a stable, long-term income stream backed by one of the most reputable global coffee brands. The NNN lease structure ensures minimal landlord responsibility while providing consistent rental growth every 5 years.

National retailers in the immediate vicinity include AutoZone, Walgreens, Wendy’s, O’Reilly Auto Parts, Fresenius, Dollar General, Capital One, Subway, Domino’s, Walmart, Verizon, Dollar Tree, AT&T, Chili’s, Lowe’s, Goodwill, and many more.

Investment highlights

New 2024 High-Quality Construction with Drive-Thru

New 10-Year Lease Corporately Guaranteed by Starbucks (NASDAQ: SBUX) - Rated BBB+ by S&P

Located on Veterans Memorial Drive with Traffic Counts Exceeding 21,500 Vehicles Per Day

Structured Rental Increases Every 5-Years and in All (4) 5-Year Options

Surrounded by a Growing Population with 188,000 Residents in 15-Miles & Average Household Income Exceeding $95,000 Annually

Listing Contacts

JW
CA 01448585
Wertz Real Estate Investment
Listed by Wertz Real Estate Investment

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$128,208.00
$10,684.00/mo

Valuation Metrics

0
DSCR
6.35%
Cap Rate
6.35%
ROI

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