Starbucks - Norman, OK
- Location
-
3725 N Flood Ave
Norman, OK 73069 - Price
- $
2,318,000
- NOI
- $
139,100
- Occupancy
-
100%
- Cap Rate
-
6.00%
- GLA
-
1,525 SF
- Lease Type
-
Absolute NNN Lease
- Year Built
-
2022
SHOP Companies is pleased to offer the opportunity to acquire a single-tenant Starbucks investment located at 3725 N Flood Ave in Norman, Oklahoma, positioned on the “going-to-work” side of Flood Avenue, the primary corridor connecting Norman commuters to northbound I-35 and the Oklahoma City metro. Built in 2022, the Property is a 1,525-square-foot, drive-thru-only building situated on a 0.54-acre site, reflecting the smaller-footprint, drive-thru-focused prototype Starbucks is prioritizing nationally to lower construction costs and unlock expansion in high-growth suburban markets. The Property is subject to a NN lease, with landlord responsibility limited to roof and structure, and features five years remaining on the initial lease term at an annual rent of $139,100.
Will Lightfoot
405-806-7601 (Direct)
405-806-7600 (Office)
Matt Maguire
405-806-7605 (Direct)
405-806-7600 (Office)