Starbucks

• Investment Grade Credit Tenant — The tenant is Starbucks Corporation (S&P: BBB+ | NASDAQ: SBUX), an investment-grade tenant and one of the largest QSR operators in the world.
• Proven Commitment to Site — For the second consecutive time, Starbucks has elected to extend their lease for a full 10-year term, rather than the scheduled 5 – showing their commitment to the site after 20 years of successful operation.
• Baton Rouge MSA — Denham Springs is located just outside of Baton Rouge, Louisiana’s second largest city and home to more than 220,000 residents, Louisiana State University, and the State Capital. The site is located within a dense retail corridor, featuring national tenants such as McDonald’s, Raising Cane’s, Burger King, Taco Bell, Sonic Drive-In, Exxon, Circle K, Dollar General, and numerous regional and local retail brands.
• Convenient Interstate Access | Limited Competition — The sites sit directly on Louisiana Highway 16 (±29,400 VPD), the primary north-south thoroughfare in Denham Springs – paired with pylon signage and an additional ±13,600 VPD the site, one of two stand alone, drive thru Starbucks locations in Denham Springs, attracts ±15,000 monthly visitors on average.
• High Growth Local Market — Located in Livingston Parish—one of Louisiana’s top two fastest-growing parishes (county) with over 6% population growth over the last five years—this site serves a rapidly expanding suburban market within the Baton Rouge metro area. The surrounding trade area continues to benefit from strong residential inward migration, driven by top-rated public school systems and high relative median household incomes (±$100,000).