1304 9Th StSapulpa, OK 74066

Property Details for 1304 9Th St

Year built

1972

Lot size

3.02 AC

Property size (Sq ft)

1,290 SF

Property type

Office buildings

APN

1999-26-018-011-0-260-00

APU

199926018011026000

Description

This exceptional investment opportunity presents a 2,540 square foot Starbucks located at 1304 N 9th St, Sapulpa, OK 74066, just 10 miles from Tulsa. The property sits on a 0.98-acre lot and boasts a prime location at the hard signalized intersection of N 9th St/Rt. 66 (17,000+ vehicles per day) and Crestview Dr, directly off Interstate 44 (52,000+ vehicles per day). Built in 2024, this single-tenant, net-lease property features a 10-year lease with Starbucks (S&P BBB+), the world's largest specialty coffee retailer, commencing November 1, 2024, and expiring November 1, 2034. The lease includes four 5-year renewal options and 10% rent bumps every five years. The property offers a strong 6.35% cap rate with a Net Operating Income (NOI) of $168,00

• CAP approach

  CAP return

  Valuation

  6%

  $174,260

  6.5%

  $160,855

  7%

  $149,366

• Comparable approach

  Method

  Valuation

  Relative Method

  $92,274

  Geo Method

  $92,274

• Alternative Use

  Use

  Valuation

  Residential

  $199,461

  Hospitality

  $182,705

  Educational

  $152,008

  Medical

  $157,236

  Retail

  $236,458

Location Insight

City

Sapulpa

County

Creek

State

Oklahoma

Latitude

36.0143

Longitude

-96.1132

CBSA code

46140

CBSA name

TULSA, OK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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