About This Restaurant
Investment Highlights
The tenant is Starbucks Corporation (S&P: BBB+ | NASDAQ: SBUX), an investment-grade tenant and one of the largest QSR operators in the world. Starbucks has previously extended their lease terms early to remain in place for 10 years, rather than the scheduled 5 years at the time. The sites sit directly off the exit of Interstate 35 (?36,400 VPD), the primary highway connecting Oklahoma City and Dallas. The site is ranked in the top 76th percent nationally and top 83rd percent in Oklahoma for average number of monthly visitors compared to other Starbu The site is located within one of Ardmore?s largest retail corridors, featuring national tenants such as Chili?s Grill & Bar, Whataburger, Arby?s, The site is the only Starbucks within a +50-mile radius
Executive Summary
Broker of RecordKyle MatthewsLicense No. 180759 (OK)(866) 889-0550Matthews Real Estate Investment Services, Inc1600 West End,Ste. 1500 Nashville, TN 37203
Property Details
- Sale Type Investment
- Property Type Retail
- Property Subtype Freestanding Freestanding General Retail Fast Food General Retail Restaurant Freestanding
- Building Size 1,930
- Building Class A
- LoopNet Rating 4 Star
- Year Built/Renovated 2001/2009
- Price 1,595,000
- Price Per SF 826
- Cap Rate 6
- NOI 95,700
- Tenancy Single
- Building Height 1 Story
- Building FAR 0.07
- Land Acres 0.68 AC
Amenities
- Freeway Visibility
- Pylon Sign
- Restaurant
- Drive Thru
Nearby Amenities & Transportation
Retail | Chili's | ||
Retail | Starbucks | ||
Retail | El Chico Cafe | ||
Retail | Anytime Fitness | ||
Retail | Santa Fe Cattle Co. | ||
Retail | RibCrib | ||
Retail | Wingstop | ||
Retail | McAlister's Deli | ||
Retail | Five Guys | ||
Retail | Simmons Bank |
Property Taxes
Parcel Number | 0305-00-006-003-0-002-00 | Improvements Assessment | $54,000 |
Land Assessment | $30,417 | Total Assessment | $84,417 |
Date Created: | 2024-07-16 04:18:07 | Last Updated: | 2024-07-16 04:18:07 |
Address: | 911 Holiday Dr , Ardmore, Oklahoma, 73401 |