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STARBUCKS 31669 LA HWY 16

1,760 SF Retail Building Denham Springs, LA 70726 $1,982,971 CAD ($1,127 CAD/SF) 5.85% Cap Rate

Retail Buildings Louisiana Denham Springs 31669 LA HWY 16, Denham Springs, LA 70726

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.
  • Denham Springs is located just outside of Baton Rouge, Louisiana’s second largest city and home to more than 220,000 residents
  • 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 is located within a dense retail corridor, featuring national tenants

Executive Summary

Donnie Jarreau
License No. BROK.32688-ACT (LA)
(866) 889-0550
Jarreau Real Estate
16173 Perkins Road Baton Rouge,
LA 70810

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,760 SF
Building Class
B
Year Built
2007
Price
$1,982,971 CAD
Price Per SF
$1,127 CAD
Cap Rate
5.85%
NOI
$116,034 CAD
Tenancy
Single
Building Height
1 Story
Parking
8 Spaces (4.55 Spaces per 1,000 SF Leased)
Frontage
65 ft on La-16 Hwy

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Drive Thru

Links

1 of 1
(720) 800-9764

  • Listing ID: 33087307

  • Date on Market: 2024-09-06

  • Last Updated:

  • Address: 31669 LA HWY 16, Denham Springs, LA 70726

The Retail Property at 31669 LA HWY 16, Denham Springs, LA 70726 is currently available For Sale. Contact Matthews Real Estate Investment Services for more information.

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STARBUCKS | 31669 LA HWY 16
(720) 800-9764 x

STARBUCKS | 31669 LA HWY 16

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Michael Neils

(720) 800-9764

(720) 800-9764

Patrick Forkin

(773) 279-5390

(773) 279-5390

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