Lafayette, LA - Starbucks

Description:

• More than 9 years remaining on the lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• Lease is signed by Starbucks Corporation, the world’s largest coffeehouse chain and an investment grade tenant (S&P: BBB+)
• Features a 6.4% rental increase in October 2023, 4% increase in October 2025, and 10% increases at the beginning of each option period, generating NOI and hedging against inflation
• Tenant pays for taxes, insurance, and most CAM
• Landlord responsibilities limited to roof, structure, parking lot, utility systems (includes HVAC), and landscaping
• Investor benefits from fee-simple ownership of the building and land
• Lease does not include COVID-19 abatement language

• Starbucks is strategically located along W. Pinhook Road (43,600 VPD), a major thoroughfare serving the immediate trade area
• The building is complete with a drive-thru, providing ease and convenience for customers
• On average, stores with drive-thrus experience higher sales than those without
• The asset has excellent visibility and access

---

Report Listing This listing was syndicated through:

Listing ID: a284o000001MwhiAAC