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2526 N Main St

2,540 SF Retail Building Miami, OK 74354 £1,717,858 (£676/SF) 6.30% Net Initial Yield

Investment Highlights

  • Near Super Walmart
  • Last Major Town Before Missouri
  • Off Route 66

Executive Summary

Brand New Construction with a Corporate 10-Year Triple Net Lease in Miami, Oklahoma off of U.S. Rt. 66
This Starbucks out parcel on a Tractor Supply and Locke Supply features a brand-new 10-year corporate triple net lease (NNN) with Starbucks Corporation (NASDAQ: SBUX). The property is at a strategic location directly across from a Super Walmart.
Starbucks Corporation, the world’s leading coffee company with over 38,000 locations worldwide and annual revenue exceeding $36 billion.
Lease Terms: 10-year triple net lease with a solid investment-grade tenant, rated "BBB+" by Standard & Poor’s.
Rent Increases: 7.0% rental increases every five years, ensuring growing returns over the lease term.
Per Statista, the average Starbucks customer visits six times per week, contributing to approximately 60 million customers served weekly and four million coffee-based beverages sold daily.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Building Size
2,540 SF
Building Class
B
Year Built
2024
Price
£1,717,858
Price Per SF
£676
Net Initial Yield
6.30%
NOI
£108,249
Tenancy
Single
Number of Floors
1
Building FAR
0.06
Land Acres
1.00 AC
  • Listing ID: 33290203

  • Date on Market: 24/09/2024

  • Last Updated:

  • Address: 2526 N Main St, Miami, OK 74354

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