701 W Duncan St
Jenks, OK
Price:
$2,118,180
Cap Rate:
5.50%
NOI:
$116,500
Building Size:
Approx. 2,117 Sq. Ft.
Lot Size:
Approx. 0.627 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2020
Offering Agent
Investment Overview
- 2020 Construction 2,117+/- SF Building on 0.627 +/- Acre Site
- New 10-year Net Lease guaranteed by Starbucks Corporation | No early termination clause and 10% rental increases every five years
- Strategically located between two high traffic intersections | Creek Turnpike and S. Elm (44,000 VPD) | W. Main St. and S. Elm St. (28,000 VPD)
- Drive Thru Starbucks | Property is shadow anchored by a Reasor’s Foods grocery store and national retailers such as Walgreens, CVS, McDonald’s, Chase Bank and many others
- Jenks, Oklahoma is a suburb of Tulsa and is one of the fastest growing cities in Oklahoma | 3-mile radius 46,153 people and $98,005 average household income
