Restaurant
Starbucks (10-Year Lease)
2005 W Main St, Durant, OK 74701
Listing Price: $2,718,000
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.
Starbucks (10-Year Lease)
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
Financing By
Listing Price: $2,718,000
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
Financing By
