Skip to main content

Restaurant

Starbucks

1722 S Main St, Grove, OK 74344

Listing Price: $2,040,000

Cap Rate
6.00%
Tenant Name
Starbucks
Years Remaining On Lease
9.9
Gross SF
2,225
Guarantor
Corporate Guarantee
Rentable SF
2,225
Price/Gross SF
$916.85
Lease Type
Double Net
Rent Per Square Feet
$55.00

Investment Overview

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.”

Nestled along the shores of Oklahoma’s Grand Lake O’ The Cherokees, the Town of Grove has long been the economic and cultural hub of the Grand Lake region, attracting visitors year-round for Grand Lake fun like fishing, boating, and relaxing at the lake.

Investment Highlights

  • Brand New 10-Year Corporate Lease with Starbucks (NASDAQ: SBUX)
  • High-Quality 2023 Construction with a Drive-Thru
  • Eight Percent Rental Increases Every Five Years Throughout the Initial Term and Multiple Renewal Options
  • Excellent Frontage and Accessibility Along S Main St / Hwy 10 (14,400 Cars per Day)
  • Upcoming Shopping Center in Development with Major Retail Tenants: Ross, Marshalls, and Bealls with Shared Ingress/Egress
  • Central Location in Grove's Primary Retail Corridor - Notable Tenants Include Walmart, Lowe's, Harps Food Stores, Walgreens, Taco Bell, Sonic, and More
  • Immediate Proximity to INTEGRIS Health Grove Hospital within One Mile
  • Direct Connection to Central Grove, Grove Regional and Municipal Airports, and Grand Lake State Park Sites

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s) OK: 206118

    Oklahoma

Financing By

Restaurant

Starbucks

Listing Price: $2,040,000

Cap Rate
6.00%
Tenant Name
Starbucks
Years Remaining On Lease
9.9
Gross SF
2,225
Guarantor
Corporate Guarantee
Rentable SF
2,225
Price/Gross SF
$916.85
Lease Type
Double Net
Rent Per Square Feet
$55.00

Investment Highlights

  • Brand New 10-Year Corporate Lease with Starbucks (NASDAQ: SBUX)
  • High-Quality 2023 Construction with a Drive-Thru
  • Eight Percent Rental Increases Every Five Years Throughout the Initial Term and Multiple Renewal Options
  • Excellent Frontage and Accessibility Along S Main St / Hwy 10 (14,400 Cars per Day)
  • Upcoming Shopping Center in Development with Major Retail Tenants: Ross, Marshalls, and Bealls with Shared Ingress/Egress
  • Central Location in Grove's Primary Retail Corridor - Notable Tenants Include Walmart, Lowe's, Harps Food Stores, Walgreens, Taco Bell, Sonic, and More
  • Immediate Proximity to INTEGRIS Health Grove Hospital within One Mile
  • Direct Connection to Central Grove, Grove Regional and Municipal Airports, and Grand Lake State Park Sites

Investment Overview

Starbucks is the premier roaster, marketer and retailer of specialty coffee in the world, operating in 69 countries. Formed in 1985, Starbucks Corporation’s common stock trades on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “SBUX.” Nestled along the shores of Oklahoma’s Grand Lake O’ The Cherokees, the Town of Grove has long been the economic and cultural hub of the Grand Lake region, attracting visitors year-round for Grand Lake fun like fishing, boating, and relaxing at the lake.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Associate Regional Manager

    (918) 294-6300

    License(s): OK: 206118

    Oklahoma

Financing By

MM Texture Background
MM Textured Background Lower