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Starbucks 1907 W Pinhook Rd 2,003 SF Retail Building Lafayette, LA 70508 $1,690,000 ($843.73/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Recently Extended Term | Options To Extend | Corporate Signed Lease | Established Brand
- University of Lousiana Lafayette | Lafayette Regional Airport |Retail Corridor | Near Signalized Hard Corner Intersection
- NN Lease | Fee Simple Ownership | Minimal Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• Starbucks corporate signed lease
• Recently signed an extension with four (5-year) options, demonstrating their long-term commitment to the site
• Starbucks, one of the world’s largest coffee brands with over 40,200 locations globally, carries an investment-grade credit rating of BBB+ (S&P)
• Recently signed an extension with four (5-year) options, demonstrating their long-term commitment to the site
• Starbucks, one of the world’s largest coffee brands with over 40,200 locations globally, carries an investment-grade credit rating of BBB+ (S&P)
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,003 SF
Building Class
B
Year Built
2009
Price
$1,690,000
Price Per SF
$843.73
Cap Rate
6%
NOI
$101,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.54 AC
Zoning
C1 - Commercial
Parking
20 Spaces (9.99 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Restaurant
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 6010069 | Improvements Assessment | $45,068 |
| Land Assessment | $19,445 | Total Assessment | $64,513 |
PROPERTY TAXES
Parcel Number
6010069
Land Assessment
$19,445
Improvements Assessment
$45,068
Total Assessment
$64,513
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Starbucks | 1907 W Pinhook Rd
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