8871 Florida Blvd Baton Rouge, LA 70815

Building Details

Year Built

2023

Buildings

1

Stories

1

Listing Office j***@wertzrealestate.com Show Phone

Listed by John Show Phone

Added: Jan 24, 2025 Checked: Mar 16 at 9:06 am

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Investment Insights

Based on property information with market context.

This is an investment property featuring a newly constructed Starbucks, completed in 2023. The 2,165 square foot building is situated on a 0.78-acre lot and is under a new 10-year lease, corporately guaranteed by Starbucks, which holds a BBB+ rating from S&P. The property is located in Baton Rouge, Louisiana. The location is adjacent to a 3.5 million square foot Amazon fulfillment center and a recently renovated Raising Cane's. The property benefits from visibility and access, situated directly off Florida Blvd and Airline Hwy, with combined daily traffic exceeding 96,000 vehicles. The surrounding area is a dense retail trade area with over 200,000 residents within a 5-mile radius. The property's net operating income is $137,460.

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FAQs

What type of property is this?

Restaurant - New 10-Year Lease Corporately Guaranteed by Starbucks (NASDAQ: SBUX) – Rated BBB+ by S&P

Where is this restaurant located?

The property is located at 8871 Florida Blvd Baton Rouge, LA.

What is the asking price?

The asking price for this property is $2,390,608.