420 Sam Houston Jones Pky - Freestanding FOR SALE


Moss Bluff, LA 70611
$2,427,184 USD
212-430-5180
420 Sam Houston Jones Pky, Moss Bluff, LA for Sale
$2,427,184 USD
Freestanding - FOR SALE
1/3
null | Request Cap Rate

420 Sam Houston Jones Pky
Moss Bluff, LA 70611


HIGHLIGHTS

  • Starbucks with Minimal Maintenance on a Heavily Trafficked Section of Sam Houston Jones Parkway (21,000 VPD)
  • Rare 15-Year Original Lease with 13 Years Remaining and Scheduled Rent Increases
  • Directly Across from Moss Bluff Elementary with Over 1,000 Students Enrolled Providing a Built-In Activity Generator
  • Retail Corridor Anchored by One of Louisiana's Busiest Walmart Locations (Placer.ai)
  • Ideal Affluent/Wealthy Customer Base Making This an Ideal Starbucks Location

OVERVIEW

-Passive Starbucks Leased Asset with High Traffic: Starbucks Leased Asset with Minimal Landlord Maintenance Located on a Heavily Trafficked Section of Sam Houston Jones Parkway (21,000 Vehicles Per Day (VPD)) in Lake Charles, LA -Rare 15-Year Lease w/13-Years Remaining and Rent Increases: Rare Opportunity to Purchase This Recently Constructed Building (2023) with Roughly 13 Years of Base Term Remaining and 10 Percent Rent Increases in 2029 and in Each Option to Hedge Inflation -High Activity Walmart Anchored Retail Center: Heavily Trafficked Retail Node Anchored by One of the Most Highly Trafficked Walmart Locations in Louisiana (Placer.ai) with Surrounding Tenants Including Popeyes, Taco Bell, and McDonald’s -Directly Across from Moss Bluff Elementary School: Strategically Positioned Site Located Directly Across from Moss Bluff Elementary School with +/- 1,000 Students (Grades Pre-K Through 5) Providing a Built-In Activity Generator -Ideal Affluent/Wealthy Customer Base: Situated in an Area with Over 41,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $126,000 Making This an Ideal Starbucks Location -Corporate Guarantee: Lease Corporately Guaranteed by Starbucks, the Largest Coffeehouse in the World with Over 40,000 Stores Globally in 80 Countries, 15,000+ of Which Are Located in the US

FOR SALE DETAILS

PRICE

$2,427,184 USD

PRICE/SF

$1,121 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

C-2

APN/PARCEL ID

01364031

ASK ABOUT THIS PROPERTY

Christopher PappasMarcus & MillichapMore Info
212-430-5180

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Christopher PappasMarcus & MillichapMore Info
212-430-5180

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.