Investment Highlights
Brand-New, 10-Year Lease and New Construction
Attractive Escalations
4, 5-Year Options
Investment-Grade Guarantor
Excellent Demographics
Executive Summary
Northmarq Commercial is pleased to offer to qualified investors a single-tenant retail property, 100% leased to Starbucks, located in Tulsa, OK (the ?Property?). The Property consists of a ?1,600 SF building on ? 0.60 acres of land. Starbucks is estimated to open in April 2024 and will be operating under a brand new ten (10) year lease with four (4), five (5) year renewal options and 7.5% rental increases every five (5) years during the lease term and options.Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It is the world's largest coffeehouse chain. As of Q1 fiscal 2024, the company has 38,587 stores in over 80 countries, 16,466 of which are located in the United States.
