Abbeville Louisiana 70510 Veterans Memorial Dr & Odea StAbbeville, LA 70510

Property Details for Abbeville Louisiana 70510 Veterans Memorial Dr & Odea St

Year built

2024

Property size (Sq ft)

2,016 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

Fee simple ownership of a brand-new, 2,016 sq ft Starbucks in Abbeville, Louisiana, boasting a 10-year lease with four 5-year options. The property features a drive-thru and is situated on a hard corner intersection in a high-traffic retail corridor with numerous national tenants. The lease includes 10% rent increases every five years during the initial term and 8% at the start of each option period, ensuring consistent NOI growth. Landlord responsibilities are limited to the roof, exterior structure, foundation, and parking lot. The building was constructed in 2024 and enjoys 100% occupancy with a corporate guarantee from Starbucks (NYSE: SBUX), an investment-grade tenant (S&P: BBB+). The property's strong location benefits from a dense retail environment and proximity to schools and a large population with high average household income. The asking price is $2,137,000, representing a 6.00% cap rate and a price per square foot of $1,060.02. The annual net operating income (NOI) is $128,208. The site is located at the intersection of Veterans Memorial Drive and Odea Street in Abbeville, Louisiana, 70510. The combined daily traffic volume on these roads is 21,200 vehicles. The 5-mile trade area encompasses over 22,000 residents and 9,000 employees, with an average household income exceeding $70,214.

Location Insight

City

Abbeville

County

Vermilion Parish

State

Louisiana

Latitude

29.9793

Longitude

-92.1096

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].