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New Starbucks | Only Location for 48 Miles 2215 Oklahoma Ave 2,540 SF Retail Building Woodward, OK 73801 $2,240,000 ($881.89/SF) 6.25% 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

$2,240,000

Price Per SF

$881.89

Cap Rate

6.25%

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
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Starbucks is a multinational coffeehouse chain founded in 1971 in Seattle, Washington. Initially a retailer of coffee beans and equipment, the company expanded under Howard Schultz’s leadership in the late 1980s to become a global coffeehouse brand. Starbucks operates thousands of stores worldwide, including over 3,000 in California, offering coffee, tea, and food products alongside branded merchandise. The company emphasizes ethical sourcing and sustainability in its operations. Starbucks is publicly traded on NASDAQ under the ticker symbol SBUX and reported employing approximately 381,000 people globally in 2025. Its growth strategy includes licensed stores, digital ordering platforms, and specialty formats such as Starbucks Reserve® Roasteries.