18871 Florida Blvd
Baton Rouge, LA 70815
Starbucks
| Offering Summary | |||
|---|---|---|---|
| Price | $2,499,272 | Cap Rate | 5.50% |
| NOI | $137,460.00 | Rentable SF | 2,165 SF |
| Lot Size | 33,976 +/- SF | Year Built | 2023 |
| Lease Type | NNN | Lease Term | 10 Years |
Investment Highlights
- Brand New 2023 Construction (New Prototype)
- 10-Year NNN Lease w/ 10% Increases Every 5-Years
- Adjacent to Brand New 850,000 SF Amazon Fulfillment Center
- Excellent Access & Visibility Right Off Florida Blvd and Airline Hwy
with Traffic Counts Exceeding 96,000 Vehicles Per Day - Corporately Guaranteed Lease by Starbucks (NASDAQ: SBUX) –
Rated BBB+ by S&P - Dense Retail Trade Area w/ 200,000 Residents in 5-Miles
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For More Information, Please Contact:
John R Wertz
Managing Principal
(619) 218-6427
jwertz@wertzrealestate.com