$1,295,000 USD
720-800-9764
31669 LA HWY 16
Denham Springs, LA 70726
Livingston Parish
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.
- 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 one of two stand alone Starbucks locations in Denham Springs, and sees ±15,000 monthly visitors on average.
- The site features pylon signage, easily visible from the highway and surrounding streets.
- The site features a drive-thru, offering extra access points for consumers and increasing re-tenanting capabilities.
FOR SALE DETAILS
PRICE
$1,295,000 USD
PRICE/SF
$736 USD /SF
CAP RATE
6.33%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
STARBUCKS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2007
SPRINKLERS
-
PARKING SPACES
8
LAND DETAILS
CROSS STREETS
LA HWY 64
LAND ACRES
0.63 AC
LAND SF
27,443 SF
ZONING
-
APN/PARCEL ID
0555433
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720-800-9764
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720-800-9764
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