For Sale
$2,190,476

2625 Main St Miami, OK 74354

Miami, OK NNN Lease, Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a brand-new, single-tenant Starbucks located at 2625 N Main St, Miami, OK 74354. The property boasts a 2,540 square foot building on a one-acre lot, constructed in 2024. This is a corporate-guaranteed, triple-net (NNN) lease with Starbucks Corporation, offering a secure and predictable income stream. The 10-year lease commenced December 30, 2024, and includes four 5-year renewal options. The property benefits from a high-traffic location, with 17,000 vehicles passing daily, and is strategically situated near Tractor Supply and Locke Supply. The current net operating income (NOI) is $138,000, resulting in a 6.30% capitalization rate. Rent increases are built into the lease, with a 7% increase scheduled for years 6-10, ensuring consistent growth in returns. The asking price is $2,190,476. This investment offers a compelling combination of a strong tenant, favorable lease terms, and a prime location in a growing market. The property's excellent visibility and location within a well-established retail area contribute to its strong investment potential. This is a rare opportunity to acquire a high-performing Starbucks location with significant long-term growth prospects.

Highlights

  • Brand-new, 10-year triple-net (NNN) lease with Starbucks.
  • 7% rent increases every five years.

Property Details for 2625 Main St

Property type
Retail properties
Square Feet
2,540 SF
Year Built
2024
Stories
1
Lot Size (sq. ft)
43,560 SF
Units
1

Location Insight

City
Miami
County
Ottawa
State
Oklahoma
Latitude
36.9078009
Longitude
-94.8775216

FAQs

What type of property is this?
Retail property - Miami, OK NNN Lease, Strong NOI
Where is the retail property located?
The property is located at 2625 Main St Miami, OK.
What is the asking price?
The asking price for this property is $2,190,476.
What are key features of this property?
This property features: Brand-new, 10-year triple-net (NNN) lease with Starbucks.; 7% rent increases every five years.;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2625 Main St
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