Starbucks

6215 Greenwood Road, Shreveport, LA 71119

$2,225,000

Cap Rate 5.75%

Views: 31 DOM: 108 Updated: 04.28.24 Posted: 01.30.24 Status: Active

Summary

Price $2,225,000	Built/Renov 2024	Tenant Starbucks
Cap Rate 5.75%	Lease Type NN+	Guarantor Corp Rated
Size/SF 2,230	Lease Start 01-08-2024	#Units 36,000
Price/SF $997.76	Expiration 02-28-2034	Tenant Type Fast Food/QSR
NOI $128,000	R. Term 9.9	Ownership Fee Simple
Rent/SF $57.40	Increases 10.0%/6/yrs	Pop 5Mi 56,145
Lot/AC 1.15	Options 4/5yrs/8%	AHHI 5Mi $60,175

Lease Highlights

Brand-new 2024 construction
Starbucks recently executed a brand new 10-year lease with 4 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and 8% at the start of each option period
Favorable NN+ lease with landlord responsible for roof and structure
Corporate guarantee | Investment grade tenant

Location Description

Starbucks is strategically located at the signalized, hard corner intersection of Pines Road and Greenwood Road, with a combined daily count of 27,400 vehicles. The property enjoys a prime location directly adjacent to an upcoming mixed-use development. It is surrounded by prominent national tenants, such as Popeyes, Domino's, Subway, Exxon, Burger King, and more. This location provides easy...

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Key Features

New construction
Signalized intersection
Near major nationals
Freeway visibility
Major MSA
Brand new lease
Long 10+ yr lease
Favorable NN+ lease
Traded and rated company
Investment grade tenant

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Links

Starbucks Wikipedia Starbucks Wikipedia Shreveport, Louisiana Zip Code 71129 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Starbucks
Guarantor:Corp Rated
Company:Starbucks Corporation
# Units:36,000
Tenant S&P: BBB+
Moody’s: Baa1
Stock: NASDAQ: SBUX

About Tenant

Starbucks Corporation is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official merchandise, such...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	4,136	17,698	52,275
2023 Total Population :	4,306	18,309	54,144
2023 Employed Civilian Pop :	2,138	8,201	23,837
2023 Total Businesses :	274	891	2,149
2023 Average Household Income :	$ 52,839	$ 65,786	$ 59,620
2023 Total Consumer Spending :	$ 91 M	$ 446 M	$ 1201 M
2023 Median Age :	34	37	37
2023 Total Households :	1,974	7,756	23,017
2023 Pop Age 25+: Bachelor's Degree :	376	1,549	4,236
2023 Average Home Value :	$ 256,209	$ 225,791	$ 198,381

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Greenwood Rd	Pines Rd	2008	5,964	0.03 mi
Pines Rd	Greenwood Rd	2010	21,355	0.05 mi
Pines Rd	Greenwood Rd	2008	17,623	0.09 mi
Greenwood Rd	Pines Rd	2008	6,391	0.11 mi
		2010	12,244	0.16 mi
		2010	3,286	0.20 mi
Pines Rd	Financial Plz	2010	36,636	0.24 mi
Westport Ave	Pines Rd	2008	17,493	0.25 mi
Financial Plz	Financial Plz Cir	2008	12,187	0.26 mi
Pines Rd	Financial Plz	2008	25,244	0.38 mi

Listing Broker

Jeff Lefko

Hanley Investment Group

Contact

115 Listings
5113 Views
54 Sold

Bill Asher

Hanley Investment Group

Contact

117 Listings
5242 Views
50 Sold

Jeff Lefko

As Executive Vice President at Hanley Investment Group, Jeff Lefko specializes in advising clients in the acquisition and disposition of retail properties nationwide. Jeff is focused on developing meaningful relationships that go beyond a singular transaction by proactively advising his clients to help achieve their long-term financial goals and objectives. Jeff’s commitment to his clients has allowed him to close over $1.5 billion in sales since 2017, which included 114 transactions va

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Bill Asher

Bill Asher specializes in advising clients in the acquisition and disposition of retail properties nationwide. With over 20 years of experience in commercial real estate, his transaction expertise, industry relationships, and unparalleled professionalism have allowed him to close and contribute to more than $2 billion in sales, including over 550 sales in the last 10 years. Bill’s dedication and unwavering commitment to his clients have made him one of the top agents at the company earning him

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