For Sale
$1,399,000

31669 La-16Denham Springs, LA 70726

High-yield Starbucks NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
124
This exceptional investment opportunity presents a 1,750-square-foot Starbucks located at 31669 LA-16, Denham Springs, LA 70726. The property, built in 2007, boasts a strong 5.85% cap rate and a substantial NOI of $81,912. This single-tenant, net-lease (NNN) property features an investment-grade credit tenant, Starbucks Corporation, providing exceptional financial security. The lease includes rent bumps, ensuring future income growth. Situated in a high-traffic area along Louisiana Highway 16 (approximately 23,000 vehicles per day), this location benefits from excellent visibility and convenient interstate access. The property is one of only two standalone Starbucks in Denham Springs, serving approximately 15,000 monthly visitors. The strategic location within a dense retail corridor, alongside national brands like McDonald's, Raising Cane's, and others, further enhances its appeal. The drive-thru feature adds to the property's operational efficiency and consumer convenience. The property's pylon signage ensures high visibility from the highway and surrounding streets. This is a rare opportunity to acquire a well-performing, low-maintenance investment property with a proven track record and a highly reputable tenant. The tenant has demonstrated a strong commitment to the location, previously extending their lease term. This offering presents a compelling investment opportunity with minimal landlord responsibilities, thanks to the NNN lease structure. The property is located in the Baton Rouge MSA, a thriving market with a population exceeding 220,000 residents, including Louisiana State University and the state capital.

Highlights

  • Investment-grade tenant Starbucks (S&P: BBB+) on a long-term lease.
  • Starbucks has demonstrated strong commitment with a prior lease extension.
  • Located in Denham Springs, near Baton Rouge, LA, a strong MSA.
  • High-traffic retail corridor with numerous national and local co-tenants.
  • Excellent visibility and access via LA Highway 16 (±23,000 VPD).
  • One of only two standalone Starbucks in Denham Springs, averaging ±15,000 monthly visitors.

Property Details for 31669 La-16

Property type
Retail properties, Restaurants
Square Feet
1,750 SF
Year Built
2007

Location Insight

City
Denham Springs
County
Livingston Parish
State
Louisiana
Latitude
30.527467415509
Longitude
-90.956187031435
31669 La-16, Denham Springs, Louisiana

FAQs

What type of property is this?
Retail property - High-yield Starbucks NNN lease.
Where is the retail property located?
The property is located at 31669 La-16 Denham Springs, LA.
What is the asking price?
The asking price for this property is $1,399,000.
What are key features of this property?
This property features: Investment-grade tenant Starbucks (S&P: BBB+) on a long-term lease.; Starbucks has demonstrated strong commitment with a prior lease extension.; Located in Denham Springs, near Baton Rouge, LA, a strong MSA.
How can I contact the broker?
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31669 La-16
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