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Restaurant

Starbucks (10-Year Lease)

2005 W Main St, Durant, OK 74701

Listing Price: $2,718,000

Cap Rate
5.85%
Tenant Name
Starbucks
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
2,225
Lease Type
Double Net
Rent Per Square Feet
$71.46

Investment Overview

Marcus and Millichap is please to present the opportunity to acquire an double-net lease Starbucks in Durant, Oklahoma. The property is currently under construction and will 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.

Investment Highlights

  • Brand New 10-Year Corporate-Guaranteed Lease with Starbucks (NASDAQ: SBUX)
  • 2023 Construction with a Drive-Thru
  • 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)

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s) OK: 206118

    Oklahoma

Financing By

Restaurant

Starbucks (10-Year Lease)

Listing Price: $2,718,000

Cap Rate
5.85%
Tenant Name
Starbucks
Years Remaining On Lease
9.7
Guarantor
Corporate Guarantee
Rentable SF
2,225
Lease Type
Double Net
Rent Per Square Feet
$71.46

Investment Highlights

  • Brand New 10-Year Corporate-Guaranteed Lease with Starbucks (NASDAQ: SBUX)
  • 2023 Construction with a Drive-Thru
  • 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)

Investment Overview

Marcus and Millichap is please to present the opportunity to acquire an double-net lease Starbucks in Durant, Oklahoma. The property is currently under construction and will 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.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s): OK: 206118

    Oklahoma

Financing By

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