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New Starbucks | Only Location for 48 Miles 2215 Oklahoma Ave 2,540 SF Retail Building Woodward, OK 73801 $2,171,000 ($854.72/SF) 6.45% Cap Rate

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Investment Highlights

Brand New 10-Year Lease | Corporate Guaranteed | Scheduled Rental Increases | Brand New Construction | New Roof Warranty
Oklahoma Ave (35,590 VPD) | Limited Brand Competition | INTEGRIS Health Woodward Hospital | Nearby Hotels/Inns
Strong Demographics in 5-Mile Trade Area

NN Leased | Fee Simple Ownership | Limited Landlord Responsibilities
Plaza Shopping Center (48,000 SF) | Near Walmart Supercenter | Primary Retail Corridor | Woodward High School (700+ Students) |Covid & E-commerce Resi

Executive Summary

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Starbucks investment property located in Woodward, Oklahoma. The tenant, Starbucks Corporation recently signed a brand-new 10-year lease with 6 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN leased with minimal landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Starbucks is highly ranked and has been ranked the #1 Most Valuable restaurant brand in the world for the 8th year in a row, according to Brand Finance (2024).

Property Facts

Sale Type

Investment NNN

Sale Condition

Build to Suit

Property Type

Retail

Property Subtype

Fast Food

Building Size

2,540 SF

Building Class

Year Built

2024

Price

$2,171,000

Price Per SF

$854.72

Cap Rate

6.45%

NOI

$140,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.06

Lot Size

0.98 AC

Zoning

C-2 - General Commercial

Parking

30 Spaces (11.81 Spaces per 1,000 SF Leased)

Frontage

113’ on Oklahoma Avenue

Dedicated Turn Lane
Restaurant

Signage

Signalized Intersection

Drive Thru

Accommodation and Food Services
99,999 SF
$9.99
Lorem Ipsum
Jan 0000

Starbucks Coffee Company is a multinational coffeehouse operator headquartered in Seattle, Washington. The company was founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker, initially operating as a retailer of roasted coffee beans and equipment in Seattle’s Pike Place Market. Starbucks later expanded into a café-based model emphasizing handcrafted beverages and in-store customer experience, evolving into one of the most recognizable food and beverage brands worldwide. Starbucks operates through a mix of company-operated and licensed stores, selling coffee, tea, espresso-based beverages, and complementary food items.