8871 Florida Blvd - Freestanding FOR SALE


Baton Rouge, LA 70815
$2,390,608 USD
619-218-6427
8871 Florida Blvd, Baton Rouge, LA for Sale
$2,390,608 USD
Freestanding - FOR SALE
1/4
null | 5.75% Cap Rate

8871 Florida Blvd
Baton Rouge, LA 70815


HIGHLIGHTS

  • New 2023 High-Quality Construction (New Prototype Location)
  • New 10-Year Lease Corporately Guaranteed by Starbucks (NASDAQ: SBUX) - Rated BBB+ by S&P
  • Adjacent to Brand New 3.5 Million SF Amazon Fulfillment Center
  • Next to Top Performing Raising Cane’s Which Just Finished Major Renovation Increasing the Drive-Thru & Parking Lot
  • Excellent Access & Visibility Right Off Florida Blvd and Airline Hwy with Combined Traffic Counts Exceeding 96,000 Vehicles Per Day
  • Dense Retail Trade Area w/ 200,000 Residents in 5-Miles

OVERVIEW

The subject property is a newly constructed Starbucks drive-thru located in Baton Rouge, LA. The brand new 10-year lease is corporately guaranteed by Starbucks and includes 10% rental increases every 5-years in the primary term and in the (4) five-year option periods. This brand new Starbucks is located in an extremely dense retail trade area directly in front of a brand new 3.5 million square foot Amazon Fulfillment Center and also adjacent to one of the top performing Raising Cane’s. Raising Cane’s is performing so well here they just renovated the store to increase their drive-thru and parking in order to keep up with high demand. The site benefits from its excellent visibility and access right off Florida Blvd and Airline Hwy with combined traffic counts exceeding 96,000 vehicles per day. Within 5-miles of the subject property there are over 200,000 residents with an average household income exceeding $80,000 annually. National retailers in the immediate vicinity include Amazon, Raising Cane’s, Burger King, Office Depot, Firestone, Family Dollar, Walmart, Lowe’s, Take 5 Oil Change, Sonic Drive-In, Wendy’s, Home Depot, O’Reilly Auto Parts, Jack in the Box, AutoZone, KFC, CVS Pharmacy, Dollar Tree, Dollar General, PetSmart, Planet Fitness, Circle K, Popeyes, McDonald’s, Discount Tire, and many more.

FOR SALE DETAILS

PRICE

$2,390,608 USD

PRICE/SF

$1,104 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks | New 10-Year Corporate Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,976 SF

ZONING

-

APN/PARCEL ID

30850925

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.