Starbucks

Starbucks

Durant, OK

Durant, OK

Starbucks

Offered for sale is the opportunity to acquire an double-net lease Starbucks in Durant, Oklahoma. The property consists of a 2,225-square-foot, freestanding building that sits on 0.99 acres of land. The tenant signed a new 10-year lease, with rental escalations scheduled every five years, as well as each option thereafter. Broker of Record for OK: Steve Greer; (225) 376-6800; License: 206118

Price $2,650,000
Cap Rate 6.00%
Building Size 2,225 sqft
Lot Size 0.99 acres
Year Built 2024
Offering Memorandum

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
FINANCING TEAM

Duke Dennis

Director
(817) 932-6172

 

  • Brand New 10-Year Corporate-Guaranteed Lease with Starbucks (NASDAQ: SBUX)
  • 2024 Construction - Grand Opening in February 2024
  • 4 Miles to Choctaw Casino - 1.2 Million Visitors Annually (Estimate)
  • Signalized Hard Corner of West Main Street (17,083 VPD) with Easy Access to Interstate 75 (28,500 VPD)
  • Rare Self-Maintaining Clause in the Lease - Minimal Landlord Responsibilities
  • High-Growth Corridor - US 69/75 Traffic Volumes are Expected to Increase 88 Percent by 2045
  • Durant is also part of the Dallas–Fort Worth Combined Statistical Area
  • Investment grade Tenant – BBB+ (Standard & Poor’s)

Vincent Knipp

Senior Managing Director Investments
(972) 755-5205
vincent.knipp@marcusmillichap.com
License: TX 0579633
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