Price $2,478,000 | Built/Renov 2023 | Tenant Starbucks |
Cap Rate 5.75% | Lease Type
Double NN | Guarantor Corp T and Rated |
Size/SF
2,191
| Lease Start
11-30-2022
| #Units
36,000
|
Price/SF $1,130.99 | Expiration
11-29-2032
| Tenant Type Fast Food/QSR |
NOI $142,500 | R. Term 8.11 | Ownership Fee Simple |
Rent/SF
$65.04
| Increases 10.0%/4/yrs | Pop 5Mi 118,823 |
Lot/AC 0.85 | Options 4/5yrs/9% | AHHI 5Mi $93,003 |
| |
This new, drive-thru equipped, Starbucks is strategically located on S. Mustang Rd. which sees 23,973 vehicles passing by daily. It is also within close proximity to both John Kilpatrick Turnpike (16,642 VPD) and Interstate 40 (48,552 VPD). It is adjacent to Mustang Creek Crossing, the largest mixed-use development in Oklahoma, featuring 260 acres of brand-new development. Once finished, the...
...New construction
Dense retail corridor
Freeway close
Dense 100M+ pop 5 mi
Top 100 MSA
Strong demographics
New development zone
Brand new lease
Traded and rated company
Investment grade tenant
Starbucks Corporation is the leading roaster, retailer, and marketer of specialty coffee in the world. In addition to drinks and food, many stores carry Starbucks' official merchandise, such...
1 Miles | 3 Miles | 5 Miles | |
2028 Total Population : | 14,321 | 58,127 | 131,981 |
2023 Total Population : | 12,984 | 52,290 | 120,856 |
2023 Employed Civilian Pop : | 6,822 | 27,519 | 61,872 |
2023 Total Businesses : | 263 | 1,015 | 3,195 |
2023 Average Household Income : | $ 94,814 | $ 99,661 | $ 95,514 |
2023 Total Consumer Spending : | $ 426 M | $ 1669 M | $ 3736 M |
2023 Median Age : | 34 | 36 | 37 |
2023 Total Households : | 5,197 | 19,516 | 45,445 |
2023 Pop Age 25+: Bachelor's Degree : | 2,558 | 9,755 | 19,305 |
2023 Average Home Value : | $ 201,787 | $ 264,805 | $ 251,248 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
SW 15th St | S Mustang Rd | 2016 | 10,659 | 0.21 mi |
SW 15th St | Timber Ridge | 2015 | 10,132 | 0.41 mi |
SW 15th St | Wheatland Dr | 2019 | 8,052 | 0.48 mi |
South Mustang Road | SW 15th St | 2019 | 20,400 | 0.52 mi |
S Mustang Rd | SW 5th St | 2014 | 18,948 | 0.53 mi |
SW 15th St | S John Kilpatrick Tpke | 2016 | 10,207 | 0.79 mi |
W Reno Ave | Woodrun Dr | 2019 | 17,477 | 0.89 mi |
W Reno Ave | Pointe PkwyBlvd | 2019 | 12,827 | 0.90 mi |
W Reno Ave | Woodrun Dr | 2015 | 14,547 | 0.90 mi |
North Mustang Road | I- 40 | 2019 | 19,500 | 0.94 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]