4309 Main Street
LaPlace (New Orleans), LA 70068

Starbucks

Offering Summary
Price $2,000,000 Cap Rate 5.25%
NOI $105,000.00 Rentable SF 1,000 SF
Lot Size 19,468 +/- SF Year Built 2023
Lease Type NNN Lease Term 10 Years

Investment Highlights

  • Brand New Construction (Opening January 2023)
  • 10-Year NNN Lease w/ 10% Increases Every 5-Years
  • High-Volume Interstate Location Along I-10 & Main Street with
    Traffic Counts Exceeding 100,000 Vehicles Per Day
  • First “Drive Thru Only” Starbucks in the State of Louisiana
  • Corporately Guaranteed Lease by Starbucks (NASDAQ: SBUX) –
    Rated BBB+ by S&P
  • Average Household Income Exceeds $85,000 (5-Mile Radius)

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For More Information, Please Contact:

John R Wertz
Managing Principal
(619) 218-6427
jwertz@wertzrealestate.com

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