420 Sam Houston Jones Pky - Freestanding FOR SALE


Moss Bluff, LA 70611
$2,137,000 USD
914-498-2225
420 Sam Houston Jones Pky, Moss Bluff, LA for Sale
$2,137,000 USD
Freestanding - FOR SALE
1/9
null | 5.85% Cap Rate

420 Sam Houston Jones Pky
Moss Bluff, LA 70611


HIGHLIGHTS

  • 13.5 Years Remaining | New Construction | Drive-Thru Equipped | Investment Grade Tenant
  • NN | Fee Simple Ownership | Limited Landlord Responsibilities
  • Located Along Sam Houston Jones Pkwy (21,500 VPD) | Dense Retail Corridor | Nearby Schools
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, brand new construction, corporate guaranteed (NYSE: SBUX), investment grade (S&P: BBB+), Starbucks investment property located in Moss Bluff, Louisiana (Lake Charles MSA). The tenant, Starbucks Corporation, has 14 years remaining on their initial lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features a 10% rent increase in year 6, steadily growing NOI and hedging against inflation. The lease is NN with landlord responsibilities limited to roof, exterior structure, foundation, and parking lot. The newly-constructed building will feature a state-of-the-art design with high-quality materials.

FOR SALE DETAILS

PRICE

$2,137,000 USD

PRICE/SF

$987 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | 14 Yrs Remaining | DrThru

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,899 SF

ZONING

C-2

APN/PARCEL ID

01349343

ASK ABOUT THIS PROPERTY

Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

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Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

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