Starbucks 1722 Main St

Investment Highlights

Brand New 10-Year Corporate Lease with Starbucks (NASDAQ: SBUX) 8 Percent Rental Increases Every Five Years Throughout the Initial Term and Multiple Renewal Options Upcoming Shopping Center in Development with Major Retail Tenants: Ross, Marshalls, & Bealls with Shared Ingress/Egress High-Quality 2023 Construction with a Drive-Thru Excellent Frontage and Accessibility Along S Main St / Hwy 10 (14,400 Cars per Day) Central Location in Grove's Primary Retail Corridor - Notable Tenants Include Walmart, Lowe's, Harps Food Stores, Walgreens, Taco Bell, Sonic, & More

Executive Summary

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 Lakeregion, attracting visitors year-round for Grand Lake fun like fishing, boating, and relaxing at the lake. Grove's economy is anchored by the tourism industry, driven by the allure of Grand Lake.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    2,225
• Year Built    2023
• Price    1,990,000
• Price Per SF    894
• Cap Rate    6.15
• NOI    122,375
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.09
• Land Acres    0.58 AC