1340 E 71st St - Fast Food FOR SALE


Tulsa, OK 74136
$2,667,000 USD
918-794-9516
1340 E 71st St, Tulsa, OK for Sale
$2,667,000 USD
Fast Food - FOR SALE
1/5
null | 6% Cap Rate

1340 E 71st St
Tulsa, OK 74136


HIGHLIGHTS

  • Brand-New, 10-Year Lease and New Construction
  • Investment-Grade Guarantor
  • Attractive Escalations
  • Excellent Demographics
  • 4, 5-Year Options

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,667,000 USD

PRICE/SF

$1,667 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,343 SF

ZONING

-

APN/PARCEL ID

71650-83-07-00010

ASK ABOUT THIS PROPERTY

Chad ByerlyNorthmarqMore Info
918-794-9516

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Chad ByerlyNorthmarqMore Info
918-794-9516

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.