Starbucks Jenks, OK

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

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