188 Shawnee Mall dr - Freestanding FOR SALE


Shawnee, OK 74804
$1,788,000 USD
415-481-0788
188 Shawnee Mall dr, Shawnee, OK for Sale
$1,788,000 USD
Freestanding - FOR SALE
1/6
null | 5.65% Cap Rate

188 Shawnee Mall dr
Shawnee, OK 74804


HIGHLIGHTS

  • New 15-year absolute NNN corporate lease with 10% rental increases every five years
  • No landlord management, an ideal opportunity for a passive investor
  • Dutch Bros (NYSE: “BROS”) went public in 2021 – valued at $4.88B as of February 2024
  • Dutch Bros Inc. is one of the fastest-growing brands in the food service and restaurant industry in the United States by location count
  • In 2023, Dutch Bros opened 159 new shops across 13 states and reported a 30.7% growth of total revenues to $965.8M (compared to $739M in 2022)
  • New high-quality 2023 construction built to Dutch Bros’ latest prototype and featuring a dedicated dual-lane drive-thru

OVERVIEW

This Dutch Bros is strategically positioned in Shawnee (the county seat of Pottawatomie County) just off the interchange of Interstate 40 and North Kickapoo Avenue. This site has excellent visibility from Interstate 40 (48,419 AADT), a major thoroughfare running across the entire state of Oklahoma from Texas to Arkansas and connecting Shawnee to Oklahoma City (located 30 minutes west of Shawnee). Ideal location in the Shawnee Mall, a 455,420 square foot regional shopping mall anchored by Dillard’s, Dunham’s Sports, Jo-Ann’s Fabrics, Jones Theatre-Movie Six, Kohl’s, Ross Dress For Less, and Shoe Dept. Encore. Outparcel to Kohl’s and directly next to Walmart Supercenter, positioning the site to capture significant crossover buyer activity. The site is within walking distance of Shawnee’s auto mall tenanted by Joe Cooper Dodge Jeep Of Shawnee, Joe Cooper Chevrolet, and Joe Cooper Ford of Shawnee. Across the highway from another large retail corridor containing tenants such as Lowe’s Tractor Supply Company, Harbor Freight Tools, Hobby Lobby, T.J. Maxx, PetSmart, Whataburger, Taco Bell, Chickfil-A, Popeyes, Starbucks, McDonald’s, and many others. 36,098 residents live within 5 miles of the site, creating a stable customer base for the site.

FOR SALE DETAILS

PRICE

$1,788,000 USD

PRICE/SF

$1,882 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros | Oklahoma City MSA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

-

APN/PARCEL ID

34350000A002000000

ASK ABOUT THIS PROPERTY

Michael YurasCushman & WakefieldMore Info
415-481-0788

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

Michael YurasCushman & WakefieldMore Info
415-481-0788

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