For Sale
$1,171,428

10 Goodrich Blvd Miami, OK 74354

Miami, OK: Drive-thru coffee, strong ROI.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity presents the fee simple interest in a newly constructed (2023) Scooter's Coffee located in Miami, Oklahoma. The property boasts a 15-year absolute NNN lease with a highly creditworthy franchisee, ensuring minimal landlord responsibilities. The lease features annual rent bumps of 1.75%, providing a hedge against inflation. Four, five-year renewal options further solidify the long-term investment potential. Situated on a prominent 0.5-acre corner lot along Route 66, this 629 square foot building benefits from high visibility and significant daily traffic. The surrounding area includes numerous national brands, creating a strong retail environment. The property's strong financial performance is reflected in a 7.00% cap rate and a net operating income (NOI) of $82,000. This sale-leaseback transaction offers a secure, low-maintenance investment with substantial upside potential in a thriving market. The tenant, a successful franchisee, provides a personal guarantee, adding an extra layer of security. This is a rare opportunity to acquire a well-positioned, high-performing asset with a proven track record in a rapidly growing sector.

Highlights

  • Brand new, 2023-built Scooter's Coffee with a 15-year absolute NNN lease.
  • Absolute NNN lease with no landlord responsibilities; ideal for passive investors.
  • Annual rent increases of 1.75% provide inflation protection.
  • Lease includes personal guarantee from the successful franchisee.
  • High-traffic location on a 0.5-acre corner lot along Route 66 in Miami, Oklahoma.
  • Strong retail environment with numerous national brands nearby.

Property Details for 10 Goodrich Blvd

Property type
Retail properties
Square Feet
629 SF
Year Built
2023
Lot Size (sq. ft)
21,780 SF

Location Insight

City
Miami
County
Ottawa
State
Oklahoma
Latitude
36.8891555
Longitude
-94.8779608

FAQs

What type of property is this?
Retail property - Miami, OK: Drive-thru coffee, strong ROI.
Where is the retail property located?
The property is located at 10 Goodrich Blvd Miami, OK.
What is the asking price?
The asking price for this property is $1,171,428.
What are key features of this property?
This property features: Brand new, 2023-built Scooter's Coffee with a 15-year absolute NNN lease.; Absolute NNN lease with no landlord responsibilities; ideal for passive investors.; Annual rent increases of 1.75% provide inflation protection.
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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10 Goodrich Blvd
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