Restaurant
Starbucks
820 W Main St, Norman, OK 73069
Listing Price: $1,890,863
Investment Overview
Marcus & Millichap is pleased to present to market the NNN-leased Starbucks drive-thru located at 820 West Main Street in Norman, Oklahoma, home to the University of Oklahoma, one of the nation’s leading research universities. The offering also includes the adjacent parking lot at 906 West Main Street. With 13 years of lease term remaining, three additional renewal options, and scheduled rent increases, this is an excellent opportunity to acquire a strong corporate-backed NNN-leased asset.
Starbucks
Investment Highlights
- NNN lease backed by an exceptionally strong corporate tenant: Starbucks, a BBB+ rated, Fortune 200 company with consistent revenue growth
- Starbucks, which opened this drive-thru store in 2006, has already demonstrated commitment to this location and exercised two future renewal options in 2027 and 2032
- Rare opportunity to acquire a Starbucks NNN lease with 13 years of term remaining
- Excellent retail location along a main thoroughfare with traffic volume over 23,000 VPD and directly across from Norman High School (2,100+ students)
- One mile from the University of Oklahoma, which is "designated by the Carnegie Foundation as a Highest Research Activity institution, placing it in the highest tier of comprehensive research universities in the nation."
- A second contiguous parcel, included in the sale, offers a parking lot to accommodate additional customers
Listing Price: $1,890,863
Investment Highlights
- NNN lease backed by an exceptionally strong corporate tenant: Starbucks, a BBB+ rated, Fortune 200 company with consistent revenue growth
- Starbucks, which opened this drive-thru store in 2006, has already demonstrated commitment to this location and exercised two future renewal options in 2027 and 2032
- Rare opportunity to acquire a Starbucks NNN lease with 13 years of term remaining
- Excellent retail location along a main thoroughfare with traffic volume over 23,000 VPD and directly across from Norman High School (2,100+ students)
- One mile from the University of Oklahoma, which is "designated by the Carnegie Foundation as a Highest Research Activity institution, placing it in the highest tier of comprehensive research universities in the nation."
- A second contiguous parcel, included in the sale, offers a parking lot to accommodate additional customers
Investment Overview
Marcus & Millichap is pleased to present to market the NNN-leased Starbucks drive-thru located at 820 West Main Street in Norman, Oklahoma, home to the University of Oklahoma, one of the nation’s leading research universities. The offering also includes the adjacent parking lot at 906 West Main Street. With 13 years of lease term remaining, three additional renewal options, and scheduled rent increases, this is an excellent opportunity to acquire a strong corporate-backed NNN-leased asset.
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