A rare opportunity to acquire the fee simple interest (land and building) in a newly constructed, NN-leased Starbucks investment property located in Moss Bluff, Louisiana, within the Lake Charles MSA. The asset is corporate guaranteed by Starbucks Corporation (NASDAQ: SBUX), an investment-grade tenant (S&P: BBB+), offering long-term, stable cash flow backed by a globally recognized credit.
Starbucks has approximately 13 years remaining on its initial 15-year lease, with six (6) five-year renewal options — a potential 40-year total term. The lease includes a 10% rent increase in Year 6, providing steady NOI growth and an effective hedge against inflation. The NN structure limits landlord responsibilities to roof, exterior structure, foundation, and parking lot, ensuring minimal ongoing management. The property features brand-new 2023 construction with drive-thru.
Strategically positioned along Sam Houston Jones Parkway (21,500+ VPD), the property sits within a dense retail corridor anchored by Walmart Neighborhood Market, Popeyes, Dollar General, Circle K, Advance Auto Parts, Burger King, McDonald's, and Sonic. The site is adjacent to Moss Bluff Middle School (817 students) and Sam Houston High School (1,206 students), driving consistent daily traffic. The 5-mile trade area is supported by 43,000+ residents and 9,000+ employees; households within a 1-mile radius average $130,631 in income.
$2,420,000
5.15%
$125,000
Starbucks Corporation
(NASDAQ: SBUX · S&P: BBB+)
Corporate
NN
15 Years
(11/27/2023 – 2/28/2039)
6 × 5 Year (10% every 5 yrs)
2,165 SF (est.)
2023
Fee Simple (Land & Building)
21,500 VPD
