Retail Space
111 Celebrity Drive Broussard, LA 70518
Details & Description
Price: $1,872,000
    • More than 11 years remaining on the lease with 3 (5-year) options to extend, demonstrating their commitment to the site• Lease is signed by Starbucks Corporation, the world’s largest coffeehouse chain and an investment grade tenant (S&P: BBB+)• Features a 4% rental increase in August 2022 and 2027, and 10% increases at the beginning of each option period, generating NOI and hedging against inflation• Tenant pays for taxes, insurance, and most CAM• Landlord responsibilities limited to roof, structure, parking lot, utility systems (includes HVAC), and landscaping• Investor benefits from fee-simple ownership of the building and land• Lease does not include COVID-19 abatement language
    Property ID:    254775
    Property URL: melqr.com/254775
    Generated:    04-24-24
    Listing Agents
    Eric Suffoletto

    O: 617-379-7327
    M: 508-272-0585
    eric.suffoletto@srsre.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.
    Retail Space / Louisiana / Broussard / 70518 / 111 Celebrity Drive

    111 Celebrity Drive

    Broussard, LA 70518

    Listing ID: 254775
    Print Single-Page Version
    • 111 Celebrity Drive Broussard, LA 70518 | for Sale | Photo 1
    • 111 Celebrity Drive Broussard, LA 70518 | for Sale | Photo 2
    • 111 Celebrity Drive Broussard, LA 70518 | for Sale | Photo 3
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    111 Celebrity Drive | for Sale | Thumbnail 2
    111 Celebrity Drive | for Sale | Thumbnail 3
    Building Size: 1,950 SF
    Lot Size: 1.000 AC
    Land Size: 43,560 SF
    Building $/SF: $960.00
    Land $/SF: $42.98
    Price
    $1,872,000
    Description

    • More than 11 years remaining on the lease with 3 (5-year) options to extend, demonstrating their commitment to the site

    • Lease is signed by Starbucks Corporation, the world’s largest coffeehouse chain and an investment grade tenant (S&P: BBB+)

    • Features a 4% rental increase in August 2022 and 2027, and 10% increases at the beginning of each option period, generating NOI and hedging against inflation

    • Tenant pays for taxes, insurance, and most CAM

    • Landlord responsibilities limited to roof, structure, parking lot, utility systems (includes HVAC), and landscaping

    • Investor benefits from fee-simple ownership of the building and land

    • Lease does not include COVID-19 abatement language

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     
    Lafayette History of Retail Space for Sale

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    Broussard Area Market Trends

    Listing Demographics for 111 Celebrity Drive Broussard, LA 70518

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population1,48515,85147,028
    Population Median Age373736
    Population by Age0-9 Yrs212 (14%)2462 (15%)7429 (15%)
    10-19 Yrs217 (14%)1747 (11%)5344 (11%)
    20-29 Yrs129 (8%)1797 (11%)5805 (12%)
    30-39 Yrs299 (20%)3078 (19%)8566 (18%)
    40-49 Yrs137 (9%)1933 (12%)5958 (12%)
    50-59 Yrs164 (11%)1976 (12%)5870 (12%)
    60-69 Yrs217 (14%)1816 (11%)4961 (10%)
    70+ Yrs110 (7%)1041 (6%)3095 (6%)
    Median HH Income$50,108$71,162$71,507
    Total Household Income< 24K174 (29%)1019 (17%)2850 (16%)
    25-49K116 (19%)1000 (17%)3283 (18%)
    50-74K142 (24%)1067 (18%)3102 (17%)
    75-99K61 (10%)716 (12%)2405 (13%)
    100-199K82 (14%)1749 (29%)4623 (26%)
    200K+7 (1%)328 (5%)1367 (7%)
    Highest Education LevelNo Diploma15010592764
    Diploma or GED33532219121
    Some College20222126569
    Assoc. Degree555311552
    Bachelors Degree18827808462
    Higher Degree6112513474
    Total Housing Units6956,61019,479
    --Owner-Occupied4034,64512,801
    --Renter-Occupied1791,2344,829
    Owner-Occupied Values< 100K1347051641
    100-199K12915924294
    200-299K7615203936
    300-399K394011533
    400-499K8236755
    500K+16190642
    Total Working Age Population1,15612,27836,209
    In Work Force6578,42225,479
    Not In Work Force4993,85610,730
    Workforce Employed6117,95023,855
    Workforce Unemployed464721,592
    Civlian Workforce6578,42225,447
    Military Workforce0032
    Total Households5825,87917,630
    Family Households3804,18112,045
    Non-Family Households2021,6985,584
    Married Couple2403,2678,871
    Other Family1409143,174
    Married w/Child1171,5614,232
    Single Male w/Child84310699
    Single Female w/Child253221,369

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Louisiana4,468,976+14,533,372+14,588,310+54,813,420
    Iberia Parish73,266073,240+476,150-175,450
    Lafayette Parish190,503+16221,578-2216,520+2221,600
    St. Martin Parish48,583+752,160+655,520+357,000
    Vermilion Parish53,807+857,999+258,930+260,150

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 111 Celebrity Drive in Broussard?
    The asking price for 111 Celebrity Drive is $1,872,000
    What is the building size of this Retail property in Broussard, LA?
    The size of the building/unit at 111 Celebrity Drive in Broussard is 1,950 square feet
    How much land does the Broussard, LA property at 111 Celebrity Drive include?
    111 Celebrity Drive in Broussard includes 1.000 acres of land
    What kind of Retail is the propery at 111 Celebrity Drive?
    The property at 111 Celebrity Drive Broussard, LA 70518 is listed as a Food Service Retail property
    What is the population within 1 mile of 111 Celebrity Drive in Broussard?
    The population within 1 mile of 111 Celebrity Drive Broussard, LA 70518 is 1,485 people.
    Who do I contact for questions about 111 Celebrity Drive?
    You should contact the listing agent, Eric Suffoletto, for any details regarding this commercial listing.

    Other Listings for Sale Nearby

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    105 Saint Nazaire Road, Broussard, LA $5,162,000 14490 1
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    209 North Morgan Avenue, Broussard, LA $1,200,000 5150 1.2
    1008 Smede Highway, Broussard, LA $1,957,000 10740 0.99
    1907 West Pinhook Road, Lafayette, LA $1,833,000 2003 0.5
    2813 Verot School Road, Lafayette, LA $1,190,000 3804 1
    3524 Kaliste Saloom Road, Lafayette, LA $3,000,000 20069 1.9
    121 West Vermilion Street, Lafayette, LA $825,000 5228 -
    233 Doucet Road, Lafayette, LA $1,300,000 18509 -

    Closest Commercial Airports

    Airport Distance (mi)
    Lafayette Regional Airport (LFT) 5
    Louis Armstrong New Orleans International Airport (MSY) 102
    Monroe Regional Airport (MLU) 164
    Price
    $1,872,000
    Listing Agent
    Eric Suffoletto - CRE Agent at

    Eric Suffoletto

    SRS Boston

    VIEW AGENT PROFILE

    CONTACT AGENT

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