Investment Highlights

Rare 15-Year Starbucks Lease & Self-Cam Clause | New Construction

• The Property opened in Q4 2024 and has been performing well above Starbucks’ projections. As such, Starbucks extended the term of the lease, providing for 15-years of firm term, along with six (6) additional 5-year option periods.
• The lease provides for 10% rental increases at the beginning of Year 11 and each of the option periods. The lease is backed by a corporate guarantee from Starbucks (NASDAQ: SBUX) and features a rare-self cam clause, providing for a more passive investment.

Low Rent Factor, 22% Below the National Average for a New Construction Starbucks

• The rent factor for this location is over 22% below the national average when compared to all Starbucks currently on market and constructed in 2023/2024 ($168,071).
• This lower rent factor, and in-turn lower occupancy costs, creates a greater likelihood of higher operating margins at this location.

Limited Competition | Closest Starbucks 20+ Minutes Away

• This Starbucks benefits from a lack of both external and inter-company competition with the next closest Starbucks being over 20 minutes away.
• The lack of competition, particularly from other national coffee users, provides a higher likelihood of a strong recurring customer base.

Infill Location | Situated Amongst Rooftops | Fast Growing Market

• Starbucks benefits from being within 3 miles of 54,851 residents and in close proximity to the area’s rooftops.
• Chalmette is the parish seat of St. Bernard Parish, which was the state’s fastest growing parish from 2010 to 2020.

Near Major Traffic Drivers | Hospital | Schools

• Hospital:
  • Starbucks is just 1 mile away from the St. Bernard Parish Hospital which is one of the nation’s Top 100 Great Community Hospitals for 2024.
• Schools:
  • Starbucks is situated in close proximity to local schools, all of which are located off of W Judge Perez, with three (3) being directly behind the Starbucks.
  • Schools in the area include, but are not limited, to Andrew Jackson Middle School (606 students), Chalmette Elementary School (511 students), and Chalmette High School (2,334 students), which is the only high school in St. Bernard Parish. 

Part of the Chalmette Retail Center – Multiple Points of Ingress & Egress | 34,152 VPD | En Route to Downtown NOLA

• Starbucks is located within the Chalmette Retail Center and benefits from increased traffic flow of the center’s other tenants which include Harbor Freight Tools, Napa Auto Parts, and more.
• Starbucks sits with direct frontage along W Perez Judge Dr, a highly trafficked commercial corridor which sees 34,152 vehicles per day.
• Starbucks is within minutes of on/off ramps for Interstate 10, which provides convenient access to Downtown New Orleans just 20 minutes away as well as the Greater New Orleans MSA, boasting the ability to capture commuter traffic.

Within 1 Mile of Numerous Highly Trafficked Retailers

• Starbucks benefits from being within the immediate vicinity of numerous highly trafficked national retailers creating consistent traffic flow and a stronger potential customer base.
• Retailers in the area include, but are not limited to:
  • Walmart Supercenter – 2.2+ million visits
  • RaceTrac – 763,700+ visits
  • McDonalds – 539,000+ visits
  • Raising Canes – 465,800+ visits
  • Popeyes – 255,000+ visits

3+ Million SF of Industrial, Office Flex Space Within 3 Miles | Proximity to Major National Companies & Facilities

• There are over 3 million SF of industrial, office, and flex space within a 3-mile radius of the Starbucks, with a vast majority of these facilities being directly accessible via multiple roadways off-of, or near, W Judge Perez.
• Major companies located in the immediate area include:
  • Chalmette Refining & PBF Energy – the Chalmette Oil Refinery, operating since 1915, is the largest revenue-generating asset and private employer in St. Bernard Parish with 700+ employees and contractors. The refinery is currently under development for a $650 million renewable facility which, once complete, would make $1 billion in company investments made since 2015.
  • Domino Sugar & ASR Group – employs 500+ personnel at the largest cane sugar refinery in North and South America which has been in operation since 1909.
  • Valero Energy – employs over 250 people at the Meraux Oil Refinery along W Perez Judge.