Starbucks - Baton Rouge, LA
2,165 SF | Retail Building | Baton Rouge, LA 70815 | $2,432,920 ($1,124/SF) | 5.65% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,432,920
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,165 SF
- Price / Square Foot
- $1,124
Listing Contacts
John Wertz
Verified Profile
- Property Info
Property Overview
The subject property is a newly constructed Starbucks drive-thru located in Baton Rouge, LA. The brand new 10-year NNN 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 directly adjacent to one of the top performing Raising Cane’s. Raising Cane’s is performing so well at this location, 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.
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 directly adjacent to one of the top performing Raising Cane’s. Raising Cane’s is performing so well at this location, 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.
Property Details
- Class
- B
- Year Built
- 2023
- Stories
- 1
- Property Subtype
- Freestanding, Storefront
- Lot Size (sq. ft)
- 33,977 SF
Highlights
- Brand New 2023 High-Quality Construction (Now Open)
- 10-Year NNN Lease w/ 10% Increases Every 5-Years (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
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