Investment Highlights
Brand New 10-Year Corporate- Guaranteed Lease with Starbucks (NASDAQ: SBUX)
4 Miles to Choctaw Casino - 1.2 Million Visitors Annually (Estimate)
Rare Self-Maintaining Clause in the Lease - Minimal Landlord Responsibilities
2024 Construction - Grand Opening in February 2024
Signalized Hard Corner of West Main Street (17,083 VPD) with Easy Access to Interstate 75 (28,500 VPD)
High-Growth Corridor - US 69/75 Traffic Volumes are Expected to Increase 88 Percent by 2045
Executive Summary
Offered for sale is the opportunity to acquire an double-net lease Starbucks in Durant, Oklahoma. The property 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. Broker of Record for OK: Steve Greer; (225) 376-6800; License: 206118
