Starbucks | New 10-Year Corporately Lease Veterans Memorial Drive & Odea Street 2,016 SF Retail Building Abbeville, LA 70510 $2,051,328 ($1,017.52/SF) 6.25% Cap Rate

The subject property is a newly constructed Starbucks drive-thru located in Abbeville, LA. The brand-new 10-year lease is corporately guaranteed by Starbucks and includes structured rental increases every 5 years in the primary term and in the (4) five-year option periods.
This brand-new Starbucks is located in a vibrant area benefiting from excellent visibility and access along Veterans Memorial Drive, with traffic counts exceeding 21,500 vehicles per day. The property is surrounded by a growing population, with 188,000 residents within 15 miles and an average household income exceeding $95,000 annually. The site’s location in a high-traffic corridor ensures steady foot and vehicle traffic, making it an ideal investment opportunity. This investment offers a stable, long-term income stream backed by one of the most reputable global coffee brands. The NNN lease structure ensures minimal landlord responsibility while providing consistent rental growth every 5 years.
National retailers in the immediate vicinity include AutoZone, Walgreens, Wendy’s, O’Reilly Auto Parts, Fresenius, Dollar General, Capital One, Subway, Domino’s, Walmart, Verizon, Dollar Tree, AT&T, Chili’s, Lowe’s, Goodwill, and many more.