Starbucks | New 10yr Corp NN | DrThru 420 Sam Houston Jones Pky

Investment Highlights

Brand New 10-Year Deal | New Construction | Drive-Thru Equipped | Investment Grade Tenant Located Along Sam Houston Jones Pkwy (21,500 VPD) | Dense Retail Corridor | Nearby Schools NN | Fee Simple Ownership | Limited Landlord Responsibilities Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, brand new construction, corporate guaranteed (NYSE: SBUX), investment grade (S&P: BBB+), Starbucks investment property located in Moss Bluff, Louisiana (Lake Charles MSA). The tenant, Starbucks Corporation, recently signed a brand new 10 year lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with landlord responsibilities limited to roof, exterior structure, foundation, and parking lot. The newly-constructed building will feature a state-of-the-art design with high-quality materials.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Freestanding Freestanding General Retail Fast Food General Retail Restaurant Freestanding
• Building Size    2,165
• Year Built    2023
• Price    2,174,000
• Price Per SF    1,004
• Cap Rate    5.75
• NOI    125,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.14
• Land Acres    0.36 AC

• Restaurant
• Signage
• Drive Thru