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31669 LA HWY 16
Denham Springs, LA 70726
STARBUCKS · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- The tenant is Starbucks Corporation (S&P: BBB+ | NASDAQ: SBUX), an investment-grade tenant and one of the largest QSR operators in the world.
- The site is one of two stand alone Starbucks locations in Denham Springs, and sees ±15,000 monthly visitors on average.
- The site features a drive-thru, offering extra access points for consumers and increasing re-tenanting capabilities.
- Starbucks has previously extended their lease terms early to remain in place for 10 years, rather than the scheduled 5 years at the time.
- The site features pylon signage, easily visible from the highway and surrounding streets.
EXECUTIVE SUMMARY
Broker of Record
Donnie Jarreau
License No. BROK.995704351-CORP (LA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203
Donnie Jarreau
License No. BROK.995704351-CORP (LA)
(866) 889-0550
Matthews Real Estate Investment Services, Inc.
1600 West End,
Ste. 1500 Nashville, TN 37203
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,760 SF
Building Class
B
Year Built
2007
Price
$1,782,930 CAD
Price Per SF
$1,013.03 CAD
Cap Rate
6.33%
NOI
$112,859 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.63 AC
Parking
8 Spaces (4.55 Spaces per 1,000 SF Leased)
Frontage
65’ on La-16 Hwy
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Drive Thru
PROPERTY TAXES
| Parcel Number | 0555433 | Improvements Assessment | $65,348 CAD |
| Land Assessment | $8,722 CAD | Total Assessment | $74,071 CAD |
PROPERTY TAXES
Parcel Number
0555433
Land Assessment
$8,722 CAD
Improvements Assessment
$65,348 CAD
Total Assessment
$74,071 CAD
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