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31669 LA HWY 16
Denham Springs, LA 70726 Livingston Parish

$1,295,000 USD

Freestanding For Sale  •  1,760 SF

Property Details

• Property Type Freestanding
• Total Building Size 1,760 SF
• Lot Size 0.63 AC
• Building Class B
• Year Built 2007
• Cap Rate 6.33 %
• Tenancy Single

30 Walk Score

Highlights

The tenant is Starbucks Corporation (S&P: BBB+ | NASDAQ: SBUX), an investment-grade tenant and one of the largest QSR operators in the world.

Starbucks has previously extended their lease terms early to remain in place for 10 years, rather than the scheduled 5 years at the time.

The site is one of two stand alone Starbucks locations in Denham Springs, and sees ±15,000 monthly visitors on average.

The site features pylon signage, easily visible from the highway and surrounding streets.

The site features a drive-thru, offering extra access points for consumers and increasing re-tenanting capabilities.

Cap Rate:

6.33 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Starbucks		9/1/2016

Amenities

• Dedicated Turn Lane
• Pylon Sign
• Signage
• Drive Thru

Public Transportation

Airport	Drive	Walk	Distance
Baton Rouge Metro Ryan Field	23 min	-	13.7 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes