8420 Judge Perez Dr Chalmette, LA 70043
High-traffic Chalmette Starbucks, strong NOI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Fee-simple, net-lease Starbucks investment in Chalmette, LA.
- 2,225 SF building on a 0.77-acre lot with a 10.5-year lease (9/4/2024 - 2/28/2035), including 10% rent bumps every five years and four five-year options.
- Prime location on a high-traffic corridor (34,152 VPD), near I-10, major employers, and strong retail.
- $130,781 NOI, 5.85% cap rate, $2,235,577 asking price; 27% below national average rent for new construction Starbucks.
- Includes a self-cam clause.
Property Details for 8420 Judge Perez Dr
- Property type
- Retail properties, Restaurants
- Square Feet
- 2,225 SF
- Year Built
- 2024
- Stories
- 1
- Lot Size (sq. ft)
- 33,541 SF
Location Insight
- City
- Chalmette
- County
- St. Bernard Parish
- State
- Louisiana
- Latitude
- 29.952546244109
- Longitude
- -89.977313874174
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-traffic Chalmette Starbucks, strong NOI.
- Where is the retail property located?
- The property is located at 8420 Judge Perez Dr Chalmette, LA.
- What is the asking price?
- The asking price for this property is $2,235,577.
- What are key features of this property?
- This property features: Fee-simple, net-lease Starbucks investment in Chalmette, LA.; 2,225 SF building on a 0.77-acre lot with a 10.5-year lease (9/4/2024 - 2/28/2035), including 10% rent bumps every five years and four five-year options.; Prime location on a high-traffic corridor (34,152 VPD), near I-10, major employers, and strong retail.
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