New Starbucks | Only Location for 48 Miles | 2215 Oklahoma Ave
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New Starbucks | Only Location for 48 Miles 2215 Oklahoma Ave
2,540 SF Retail Building Woodward, OK 73801 £1,792,805 (£706/SF) 6.15% Net Initial Yield
Investment Highlights
- Brand-new (2024), state-of-the-art construction with Starbucks’ latest prototype
- New, 20-year roof warranty to be transferred to Buyer, at Closing
- Ideal market share | This is the only Starbucks in a 48-mile radius
- Corporately guaranteed lease which is backed by BBB+, investment-grade credit (S&P)
- Excellent access and visibility from Oklahoma Avenue which sees ±35,590 VPD
- Starbucks is ranked the #1 Most Valuable Restaurant Brand in the World for the 8th year in a row, according to Brand Finance (2024)
Executive Summary
PROPERTY HIGHLIGHTS
• Brand-new (2024), state-of-the-art construction with Starbucks’ latest prototype
• Corporately guaranteed lease which is backed by BBB+, investment-grade credit (S&P)
• Long-term lease with Starbucks, one of the most sought-after tenants in retail
• New, 20-year roof warranty to be transferred to Buyer, at Closing
• Excellent access and visibility from Oklahoma Avenue which sees ±35,590 VPD
• Ideal market share | This is the only Starbucks in a 48-mile radius
• Proximity to a number of prominent retail tenants including McDonald’s, Taco Bell, Harbor Freight Tools, Walgreens, O’Reilly Auto Parts, Sonic, KFC, Carl’s Jr, Dollar General, NAPA Auto Parts, Dairy Queen, Sherwin-Wiliams, Family Dollar, among others
• Walking distance to:
• INTEGRIS Health Woodward Hospital | 87 beds
• 5 different hotels/inns
• About 1.5 miles from Woodward High School | 700+ students
• Less than 2.5 miles from a Walmart Supercenter-anchored shopping center
STARBUCKS’ HIGHLIGHTS
• Starbucks is highly ranked in several areas, including:
• #1 Most Valuable Restaurant Brand in the World for the 8th year in a row, according to Brand Finance (2024)
• #116 on Fortune 500 list (2024)
• #1 World’s Most Admired Company in the Food Services Industry for the 21st year in a row, according to Fortune Magazine (2024)
• Starbucks is the world’s largest coffee chain with 38,000+ locations in 76 countries | $36B+ in revenue in 2023, an 9.3% increase from 2022
• Brand-new (2024), state-of-the-art construction with Starbucks’ latest prototype
• Corporately guaranteed lease which is backed by BBB+, investment-grade credit (S&P)
• Long-term lease with Starbucks, one of the most sought-after tenants in retail
• New, 20-year roof warranty to be transferred to Buyer, at Closing
• Excellent access and visibility from Oklahoma Avenue which sees ±35,590 VPD
• Ideal market share | This is the only Starbucks in a 48-mile radius
• Proximity to a number of prominent retail tenants including McDonald’s, Taco Bell, Harbor Freight Tools, Walgreens, O’Reilly Auto Parts, Sonic, KFC, Carl’s Jr, Dollar General, NAPA Auto Parts, Dairy Queen, Sherwin-Wiliams, Family Dollar, among others
• Walking distance to:
• INTEGRIS Health Woodward Hospital | 87 beds
• 5 different hotels/inns
• About 1.5 miles from Woodward High School | 700+ students
• Less than 2.5 miles from a Walmart Supercenter-anchored shopping center
STARBUCKS’ HIGHLIGHTS
• Starbucks is highly ranked in several areas, including:
• #1 Most Valuable Restaurant Brand in the World for the 8th year in a row, according to Brand Finance (2024)
• #116 on Fortune 500 list (2024)
• #1 World’s Most Admired Company in the Food Services Industry for the 21st year in a row, according to Fortune Magazine (2024)
• Starbucks is the world’s largest coffee chain with 38,000+ locations in 76 countries | $36B+ in revenue in 2023, an 9.3% increase from 2022
Property Facts
Sale Type
Investment NNN
Sale Condition
Design & Build
Property Type
Retail
Property Subtype
Building Size
2,540 SF
Building Class
B
Year Built
2024
Price
£1,792,805
Price Per SF
£706
Net Initial Yield
6.15%
NOI
£110,278
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Lot Size
0.98 AC
Parking
30 Spaces (11.81 Spaces per 1,000 SF Leased)
Frontage
113 ft on Oklahoma Avenue
Amenities
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 0410-35-23N-21W-1-101-00 | Improvements Assessment | £23,244 |
| Land Assessment | £20,079 | Total Assessment | £43,323 |
PROPERTY TAXES
Parcel Number
0410-35-23N-21W-1-101-00
Land Assessment
£20,079
Improvements Assessment
£23,244
Total Assessment
£43,323
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New Starbucks | Only Location for 48 Miles | 2215 Oklahoma Ave
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