31669 La-16Denham Springs, LA 70726

Property Details for 31669 La-16

Year built

2007

Property size (Sq ft)

1,750 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Denham Springs

County

Livingston Parish

State

Louisiana

Latitude

30.5275

Longitude

-90.9562

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