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Former Starbucks 2020 Mississippi ave 2,225 SF Retail Building Atoka, OK 74525 $1,820,000 ($817.98/SF) 6.65% Cap Rate
Investment Highlights
- Dark But Paying | 8+ Years Of Firm Term Remaining | Drive-Thru Equipped
- Signalized Intersection | High Performing Travel Center |Across From Walmart | Reba’s Place
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• The tenant is still obligated to pay rent throughout the remainder of the initial term
• 8+ years of firm term remaining with a 10% rental increase in March 2029
• The property is equipped with a dedicated drive-thru lane
• 8+ years of firm term remaining with a 10% rental increase in March 2029
• The property is equipped with a dedicated drive-thru lane
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,225 SF
Building Class
B
Year Built
2023
Price
$1,820,000
Price Per SF
$817.98
Cap Rate
6.65%
NOI
$121,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.68 AC
Opportunity Zone
Yes
Zoning
C-2 - Highway Commercial
Parking
29 Spaces (13.03 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Signalized Intersection
- Drive Thru
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 2,225 SF
- Retail
- Outparcel
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,225 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 2,225 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
Property Taxes
| Parcel Number | 0000-22-02S-11E-3-019-00 | Improvements Assessment | $185,618 |
| Land Assessment | $30,382 | Total Assessment | $216,000 |
Property Taxes
Parcel Number
0000-22-02S-11E-3-019-00
Land Assessment
$30,382
Improvements Assessment
$185,618
Total Assessment
$216,000
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Former Starbucks | 2020 Mississippi ave
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