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Starbucks 1340 E 71st St 1,600 SF Retail Building Tulsa, OK 74136 $3,447,175 CAD ($2,154.48 CAD/SF) 6.45% Cap Rate
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.
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,600 SF
Building Class
B
Year Built
2024
Price
$3,447,175 CAD
Price Per SF
$2,154.48 CAD
Cap Rate
6.45%
NOI
$222,398 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.60 AC
Zoning
CS
Parking
14 Spaces (8.75 Spaces per 1,000 SF Leased)
Frontage
111’ on East 71st Street
AMENITIES
- Pylon Sign
- Signage
- Drive Thru
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 71650-83-07-00010 | Improvements Assessment | $242,700 CAD |
| Land Assessment | $84,081 CAD | Total Assessment | $326,781 CAD |
PROPERTY TAXES
Parcel Number
71650-83-07-00010
Land Assessment
$84,081 CAD
Improvements Assessment
$242,700 CAD
Total Assessment
$326,781 CAD
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Starbucks | 1340 E 71st St
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