Listed by Secure Net Lease
$2,171,000
Starbucks
Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,540
Cap Rate 6.45%
NOI $140,000
Occupancy 100%
Tenancy Single
Brand/Tenant Starbucks, Dunkin'
Lease Type NN
Lease Term 10.3
Lease Expiration 02/28/2035
Remaining Term 8.6
Rent Bumps Yes
Lease Options (6) 5-Year Renewal Options
Year Built 2024
Acreage 0.980
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/28/2024
Ground Lease No
6.45% CAP | High-Visibility Frontage Anchored by Walmart
Marketing description
- 2024 New Construction; 10-Year NN Lease with (6) 5-Year Option Periods and 7% Rental Increases in Primary Term & Each Option Period
- High-Visibility Frontage Along Woodward’s Main Retail Artery, Anchored by Walmart - Located on Oklahoma Avenue, the city’s dominant east–west retail corridor, the site enjoys exposure to strong traffic counts (±35,590 vehicles per day) and excellent visibility and access, which support robust drive-thru volumes, brand visibility, and long-term tenant performance.
- Adjacent to H-E-B Anchored Retail Center - Positioned next to a high-performing H-E-B-anchored center with H-E-B Fuel, creating a dominant grocery and daily-needs retail destination that drives consistent consumer traffic and repeat visits to surrounding retailers.
- Flagship Starbucks Trade-Area Presence - This is the only Starbucks location within a 48-mile radius, allowing the store to capture a wide trade area that extends well beyond Woodward’s city limits, drawing repeat customers from surrounding rural communities, highway travelers, and regional visitors.
- Drive-Thru Focused Design with Abundant Parking - With an 11.8:1 parking ratio (30 striped spaces) and a site plan optimized for drive-thru queuing and dual access, the property is designed to support high-volume, off-premise sales and efficient customer flow, which are key drivers of store performance in Starbucks’ current operating model.
- Adjacent to INTEGRIS Health Woodward Hospital - An 87-bed regional medical facility that generates a significant daytime population of employees, patients, and visitors, supporting strong weekday traffic and a steady base of daily coffee, food, and beverage demand commuter flows.
- Woodward, OK Serves as the Regional Hub for Northwest Oklahoma - Drawing shoppers, workers, and visitors from a broad rural trade area for healthcare, education, government services, and retail.
- Investment-Grade Corporate Guarantee: The lease is backed by Starbucks Corporation on a corporate, investment-grade basis (BBB+ credit rating), providing investors with a secure income stream from one of the world’s leading coffee and quick-service brands with a global footprint and proven commitment to its drive-thru locations.
Investment highlights
- Only Starbucks Within a 48-Mile Radius
- High-Visibility Frontage Along Woodward’s Main Retail Artery, Anchored by Walmart
- 2024 New Construction | Latest Drive-Thru Prototype
- Investment Grade Corporate Guarantee (BBB+)
- Scheduled 7% Rent Increases Throughout Term & Options
Listing Contacts
Listed by Secure Net Lease
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$140,000.00
$11,666.67/mo
Valuation Metrics
0
DSCR
6.45%
Cap Rate
6.45%
ROI
Map
Zoning
C-2 CommercialGeneral CommercialGeneral Commercial District
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