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2207 VETERANS MEMORIAL DR
ABBEVILLE, LA 70510
Asking Price
$2.02M
Cap Rate
6.35%
Asset Type
QSR/Fast Food Retail
Class
Class B
What's Special
New 2024 High-Quality | Surrounded by Growing Population <p><span style="color: rgba(34, 34, 34, 1)">New 2024 High-Quality Construction with Drive-Thru</span></p><p></p><p><span style="color: rgba(34, 34, 34, 1)">New 10-Year Lease Corporately Guaranteed by Starbucks (NASDAQ: SBUX) - Rated BBB+ by S&P</span></p><p></p><p><span style="color: rgba(34, 34, 34, 1)">Located on Veterans Memorial Drive with Traffic Counts Exceeding 21,500 Vehicles Per Day</span></p><p></p><p><span style="color: rgba(34, 34, 34, 1)">Structured Rental Increases Every 5-Years an
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NOI
$80,000
Cap Rate
3.96%
DSCR
0.67
Underwater
Cash-on-Cash
-6.58%
Monthly Payment
$9,989.029
Annual Cash Flow
$-39,868.35
