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    2207 Veterans Memorial Dr Abbeville, LA 70510

    For Sale
    $2,067,000

    New construction Starbucks with drive-thru and corporate guarantee.

    Property size:
    2,016 SF
    Lot size:
    0.30 Acres

    Property Features for 2207 Veterans Memorial Dr

    General Information

    Size
    2,016 SF
    Lot size
    0.30 Acres

    Source: Wertz Real Estate Investment Services Agent John R. Wertz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Starbucks with Drive-Thru

    This property features new, high-quality construction completed in 2024, and includes a drive-thru. It is currently under a new 10-year lease, corporately guaranteed by Starbucks (NASDAQ: SBUX), with a credit rating of BBB+ by S&P. The property is situated on Veterans Memorial Drive, which experiences traffic counts exceeding 21,500 vehicles per day. The lease includes structured rental increases every 5 years and in all four 5-year option periods. The surrounding area has a growing population of 188,000 residents within a 15-mile radius, with an average household income exceeding $95,000 annually. The property size is 2,016 square feet.
    Location Intelligence

    Current Use by Public Records

    Starbucks Internet Cafe

    Suggested Use

    Auto Repair Shop Pharmacy Food Market Grocery Store Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Starbucks, Soulful Eats

    Location Insight

    • Map
    • Local Demand
    City
    Abbeville
    County
    Vermilion
    State
    Louisiana
    Longitude
    -92.171754
    Latitude
    29.988663

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    FAQs

    What type of property is this?
    Coffee shop - New construction Starbucks with drive-thru and corporate guarantee.
    Where is this coffee shop located?
    The property is located at 2207 Veterans Memorial Dr Abbeville, LA.
    What is the asking price?
    The asking price for this property is $2,067,000.
    What are key features of this property?
    This property features: - New 10-Year Lease corporately guaranteed by Starbucks (NASDAQ: SBUX) – Rated BBB+ by S&P; - New 2024 high-quality construction with drive-thru; - Located on Veterans Memorial Drive with traffic counts exceeding 21,500 vehicles per day
    (760) 453-7866
    Request Owner's contact information
    2207 Veterans Memorial Dr Abbeville, LA 70510
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    Abbeville, LA 70510
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2207 Veterans Memorial Dr Abbeville, LA 70510
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