Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a newly constructed Scooter’s Coffee ground lease located at 376 N Main Street in Newcastle, Oklahoma within the expanding Oklahoma City MSA. The property will be leased on a brand-new 15-year absolute NNN ground lease (±14 years remaining at rent commencement in February 2025), with zero landlord responsibilities, 10% rent increases every five years, and four (4) five-year renewal options. The ±664-square-foot drive-thru is situated on a ±1.06-acre parcel along N Main Street, Newcastle’s primary commercial corridor, with traffic counts around 18,290 vehicles per day and direct connectivity to State Highway 62 and Interstate 44. The site is surrounded by dense residential neighborhoods, schools, apartments, and key retailers such as Walmart, Tractor Supply Co., and Sonic Drive-In, along with the Newcastle Fire Department and nearby churches and medical services. Newcastle’s long-term growth is supported by the Newcastle 2040 Comprehensive Plan and the planned Chickasaw Nation Medical Campus, which are expected to drive new jobs, housing, and demand for retail and dining along the N Main Street corridor.