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Starbucks | New 10yr Corp NN | New Constrc Veterans Memorial Drive & Odea Street

2,016 SF Retail Building Abbeville, LA 70510 $2,137,000 ($1,060/SF) 6% Cap Rate

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Investment Highlights

Brand New 10-Year Deal | New Construction | Drive-Thru Equipped | Investment Grade Tenant
Hard Corner Intersection | Dense Retail Corridor

NN | Fee Simple Ownership | Limited Landlord Responsibilities
Strong Demographics in 5-Mile Trade Area

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 Abbeville, Louisiana. 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 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.