OFFERING MEMORANDUM CBRE CAPITAL MARKETS NOLA …

OFFERING MEMORANDUM

CBRE CAPITAL MARKETS

NOLA STARBUCKS

3400 HOLIDAY DRIVE | NEW ORLEANS, LA 70114

NOLA STARBUCKS

3400 HOLIDAY DRIVE | NEW ORLEANS, LA 70114

OFFERING SUMMARY

NET OPERATING INCOME

$138,006

YEAR BUILT GROSS LEASABLE AREA LAND AREA LEASE TERM LEASE COMMENCEMENT LEASE EXPIRATION REMAINING TERM LEASE TYPE ROOF & STRUCTURE INCREASES OPTIONS

2018 2,200 SF 0.62 ACRES 10 YEARS NOVEMBER 2018 NOVEMBER 2028 10 YEARS

NN LANDLORD

YES 4 - 5 YEAR

$

Offering Price: $2,509,000

%

Cap Rate: 5.50%

YEARS 1-5

COMMENCEMENT NOVEMBER 2018

ANNUAL RENT

INCREASES

$138,006

-

6-10

-

$151,800

10%

OPTION 1 (11-15)

-

$166,980

10%

OPTION 2 (16-20)

-

$183,678

10%

OPTION 3 (21-25)

-

$202,048

10%

OPTION 4 (26-30)

-

$222,244

10%

NET OPERATING INCOME

$138,006

GUARANTOR

CORPORATE

EXCLUSIVE MARKETING ADVISORS:

JARED AUBREY

SENIOR VICE PRESIDENT +1 214 252 1031 jared.aubrey@

MICHAEL AUSTRY

VICE PRESIDENT +1 214 252 1115 michael.austry@

BROKER OF RECORD

MARTIN MAYER +1 985 898 2022

LA LIC. NO.:8096

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NOLA STARBUCKS

INVESTMENT HIGHLIGHTS

3400 HOLIDAY DRIVE | NEW ORLEANS, LA 70114

++ Brand New, 10-Year Corporate Guaranteed Lease ? Corporate net lease with 10% rent increases every 5 years in primary term and options

++ No Early Termination Clause

++ High-Quality, New Construction with Drive-Thru

++ Shadow Anchored by Rouses Market ? Voted best New Orleans neighborhood grocery store by Gambit

++ Densely Populated Submarket ? Currently over 447,000 people in a 7-mile radius

++ Located Approximately 5 Miles Southeast of the Historic French Quarter ? The French Quarter and Bourbon Street experience over 10 million visitors per year

++ Dense Retail Corridor ? Surrounding national tenants include Walgreens, Burger King, Applebee's, Papa John's Pizza, Taco Bell, O'Reilly Auto Parts, T.J. Maxx, Petco and many more

++ Strong Traffic Counts ? Over 32,000 vehicles per day on Holiday Drive and over 33,000 vehicles per day on General De Gaulle Drive

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NOLA STARBUCKS

TENANT INFORMATION

REPRESENTATIVE PHOTO

3400 HOLIDAY DRIVE | NEW ORLEANS, LA 70114

TYPE: YEARS IN BUSINESS: NO. OF LOCATIONS: HEADQUARTERS: WEBSITE: SQUARE FOOTAGE: % OF CENTER

Restaurant 47

28,200+ Seattle, WA

2,200 SF 100%

Starbucks is an American coffeehouse franchise offering hot and cold drinks, whole bean coffee, instant coffee, full and loose-leaf teas, juices, pastries, and snack and lunch items. Customers may also purchase seasonal items specific to the locations of the store including mugs, travel mugs, and tumblers. Starbucks expanded globally in 1996 and almost 1/3 of the locations operating are international.

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NOLA STARBUCKS

SITE PLAN

3400 HOLIDAY DRIVE | NEW ORLEANS, LA 70114

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