Starbucks New Orleans

3400 Holiday Dr., New Orleans, LA 70114

— For Sale —

List Price$3.06MM

Size +/- 2,200 SF

Cap Rate 4.5%

Property Information

LOGIC Commercial Real Estate is pleased to exclusively offer for sale a single-tenant net-leased Starbucks with drive-thru located in New Orleans, LA. This freestanding drive-thru Starbucks is shadow-anchored by Rouses Market and is just 5-miles southeast of the historic French Quarter district – a world famous tourist destination that welcomes more than 17MM visitors per year. The property was built in 2018 and consists of a +/- 2,200 SF building with 6+ years of base term remaining along with a 10% increase to base rent occuring in November of 2023 and every 5-years thereafter.

The asset is strategically located at the signalized intersection of Holiday Drive and General De Gaulle Dr. with traffic counts in excess of +/- 77,169 CPD and is just east of Business Fwy. 90 (+/- 83,199 CPD). Positioned within a densely populated submarket of New Orleans, the property services +/- 650,744 residents with an annual household income of +/- $75,416 within a 10-mile radius. Nearby co-tenants include Applebee’s, O’Reilly Auto, Planet Fitness, Walgreens, Buffalo Wild Wings, and Ross.

Contact

Shareholder

Adam Malan

Partner
Las Vegas
License S.0063542.LLC
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O 702.954.4105
C 702.449.1180
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Brokerage

Deana Marcello

Executive Vice President
Las Vegas
License S.0174174
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O 702.954.4104
C 702.375.1022
More Info