14307 NE 23rd S
Retail | 5.50% CAP | 2,089 SqFt
Marketing description
Starbucks’ modern prototype, featuring a dedicated drive-thru lane, patio seating area, 22 striped surface parking spaces, an on-site trash enclosure, and both monument and pylon signage along NE 23rd Street. The well located, high visibility pad site benefits from shared access and joint parking rights within The Markets at Choctaw, a Walmart-anchored regional shopping center at the signalized intersection of NE 23rd Street & Market Boulevard.
Situated east of downtown Oklahoma City, within the growing Choctaw submarket. The site draws from residential communities in Choctaw, Harrah and eastern Oklahoma County, as well as commuters traveling along Highway 62. Surrounding retailers include Walmart Supercenter, national fast-food and QSR brands, grocery, fuel, and daily-needs retail, creating a strong regional draw. Starbucks benefits from both destination traffic to the center and drive-by trips along NE 23rd Street.
Investment highlights
- Single-tenant retail pad building occupied by Starbucks Corporation on a corporate guaranteed lease
- NNN lease agreement – Tenant pays its pro-rata share of CAM, real estate taxes and insurance
- 10-Year initial lease term
- Current Base Rent (Years 6–10): $107,800 per year ($51.60/SF on 2,089 SF).
- Prior Rent Step (Years 1–5): $98,000 per year.
- Four (4) five-year options with fixed increases in each option period
- Approximately 5 years on the initial 10-year term (Years 6–10) at the current rent of $107,800 (as of marketing).
- **NNN lease – Landlord remains responsible for roof, roof membrane, roof systems, parking lot, sidewalks, landscaping, drainage and center-wide utility systems, and other structural/common-area items per the lease and ECRs
- In Association with ParaSell, A Licensed Oklahoma Broker #183645
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
