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Starbucks 1907 W Pinhook Rd 2,003 SF Retail Building Lafayette, LA 70508 $2,311,126 CAD ($1,153.83 CAD/SF) 6% Cap Rate
Investment Highlights
- Recently Extended Term | Options To Extend | Corporate Signed Lease | Established Brand
- University of Lousiana Lafayette | Lafayette Regional Airport |Retail Corridor | Near Signalized Hard Corner Intersection
- NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Starbucks corporate signed lease
• Recently signed an extension with four (5-year) options, demonstrating their long-term commitment to the site
• Starbucks, one of the world’s largest coffee brands with over 40,200 locations globally, carries an investment-grade credit rating of BBB+ (S&P)
• Recently signed an extension with four (5-year) options, demonstrating their long-term commitment to the site
• Starbucks, one of the world’s largest coffee brands with over 40,200 locations globally, carries an investment-grade credit rating of BBB+ (S&P)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,003 SF
Building Class
B
Year Built
2009
Price
$2,311,126 CAD
Price Per SF
$1,153.83 CAD
Cap Rate
6%
NOI
$138,668 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.54 AC
Zoning
C1 - Commercial
Parking
20 Spaces (9.99 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Restaurant
- Drive Thru
Nearby Major Retailers
Property Taxes
| Parcel Number | 6010069 | Improvements Assessment | $61,667 CAD |
| Land Assessment | $26,607 CAD | Total Assessment | $88,273 CAD |
Property Taxes
Parcel Number
6010069
Land Assessment
$26,607 CAD
Improvements Assessment
$61,667 CAD
Total Assessment
$88,273 CAD
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Starbucks | 1907 W Pinhook Rd
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