Starbucks
2,020 SF | 4-Star Retail Building | Wagoner, OK 74467 | $2,050,000 ($1,015/SF) | 6.10% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,050,000
- Property Type
-
Retail
- Square Feet
- 2,020 SF
- Price / Square Foot
- $1,015
Listing Contacts
Michael Yuras
Verified Profile
Ryan Forsyth
Verified Profile
Jack Hinson
Verified Profile
Scott Crowle
Verified Profile
Vincent Aicale
Verified Profile
- Property Info
Property Overview
This Starbucks is positioned along U.S. Route 69 / Blake Drive with access to more than 26,100 vehicles per day directly in front of the property. This site is directly adjacent to Wagoner Community Hospital, a 100-bed medical facility with a wide range of services including a 32-bed mental health unit, outpatient counseling for seniors, interventional pain management, sleep services laboratory, inpatient/ outpatient general surgery, and a 24-hour emergency room.
This is the only Starbucks within approximately 14 miles (20 minute drive) and will be a welcome new amenity to the surrounding area.
Located less than three miles from Wagoner High School, Wagoner Junior High School, and William R. Teague Elementary School (combined enrollment count of 1,500+ students).
This new Starbucks is located near strong local traffic drivers including Walmart Supercenter, Tractor Supply, McDonald’s, Arby’s, Sonic, QuikTrip, and many others. 36,098 residents live within 5 miles of the site, creating a stable customer base for the site.
This is the only Starbucks within approximately 14 miles (20 minute drive) and will be a welcome new amenity to the surrounding area.
Located less than three miles from Wagoner High School, Wagoner Junior High School, and William R. Teague Elementary School (combined enrollment count of 1,500+ students).
This new Starbucks is located near strong local traffic drivers including Walmart Supercenter, Tractor Supply, McDonald’s, Arby’s, Sonic, QuikTrip, and many others. 36,098 residents live within 5 miles of the site, creating a stable customer base for the site.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Lot Size (sq. ft)
- 63,598 SF
Highlights
- 10-year corporate net lease to Starbucks Corporation (NASDAQ: “SBUX”)
- 7.5% rental increases every five years
- Investment-grade tenant, rated “BBB+” by Standard & Poor’s
- Starbucks Corporation is the world’s premier coffee company, with over 38,000 locations worldwide and $36B in annual revenue
- Per Statista, customers go to Starbucks six times per week on average
- Approximately 60 million Starbucks customers are served every week, while approximately four million coffee-based beverages are sold daily
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