STARBUCKS 3400 HOLIDAY DRIVE | NEW ORLEANS, LA 70114

[Pages:15]STA R B U C K S 3 40 0 H O L I DAY D R I V E | N E W O R L E A N S, L A 70114

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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

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LA Lic NO.: 8096

OFFERING SUMMARY

PRICE: $2,509,000 CAP RATE: 5.50%

NET OPERATING INCOME YEAR BUILT GROSS LEASEABLE AREA LOT SIZE LEASE TERM LEASE COMMENCEMENT LEASE EXPIRATION REMAINING TERM LEASE TYPE ROOF & STRUCTURE RENT INCREASES OPTIONS GUARANTOR

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$138,006 2018

2,200 SF 0.62 ACRES

10 YEARS NOVEMBER 2018 NOVEMBER 2028

10 YEARS NN

LANDLORD YES

4 X 5 CORPORATE

INVESTMENT

HIGHLIGHTS

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 DriveThru

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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TENANT OVERVIEW

STARBUCKS

TYPE: YEARS IN BUSINESS: NO. OF LOCATIONS: HEADQUARTERS: WEBSITE:

Restaurant 47+

28,000+ Seattle, WA

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. Starbucks is considered the main representative of "second wave coffee", initially distinguishing itself from other coffee-serving venues in the US by taste, quality, and customer experience while popularizing darkly roasted coffee.

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PROPERTY LOCATION

3400 HOLIDAY DRIVE NEW ORLEANS, LA

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SITE PLAN

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CUSTOMER DAYTIME LOCATION

ROUSES MARKET - MASS MOBILE DATA

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