420 Sam Houston Jones Pky - Freestanding FOR SALE


Moss Bluff, LA 70611
$2,083,000 USD
914-498-2225
420 Sam Houston Jones Pky, Moss Bluff, LA for Sale
$2,083,000 USD
Freestanding - FOR SALE
1/10
null | 6% Cap Rate

420 Sam Houston Jones Pky
Moss Bluff, LA 70611


HIGHLIGHTS

  • Brand New 10-Year Deal | 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, recently signed a brand new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features rental increases every 5 years throughout the initial term and at the beginning of each option period, 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

$2,083,000 USD

PRICE/SF

$962 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | New 10yr Corp NN | 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

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

Sabrina SapienzaSRS Real Estate PartnersMore Info
914-498-2225

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