2207 Veterans Memorial Dr - Freestanding FOR SALE


Abbeville, LA 70510
$2,136,800 USD
619-218-6427
2207 Veterans Memorial Dr, Abbeville, LA for Sale
$2,136,800 USD
Freestanding - FOR SALE
1/4
null | 6% Cap Rate

2207 Veterans Memorial Dr
Abbeville, LA 70510


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,136,800 USD

PRICE/SF

$1,060 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | New 10-Year Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

John WertzWertz Real Estate Investment ServicesMore Info
619-218-6427

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.