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    1340 71St St Tulsa, OK 74136

    For Sale
    $2,667,000

    Prime QSR location, 10-year lease, strong ROI.

    Property size:
    1,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a brand-new, 1,600 square-foot Starbucks located at 1340 E 71st St, Tulsa, OK 74136. The property sits on a 0.6-acre lot and boasts a 10-year lease commencing April 1, 2024, and expiring April 1, 2034, with four, five-year renewal options. The tenant, Starbucks Corporation, is a credit-rated, corporate-guaranteed tenant providing significant financial stability. The lease includes attractive 7.5% rent bumps every five years, ensuring consistent income growth. The building, constructed in 2024, offers 100% occupancy and generates a strong net operating income (NOI) of $160,000, resulting in a 6.00% cap rate. The asking price is $2,667,000, translating to a price per square foot of $1,666.88. This single-tenant retail property represents a compelling investment opportunity in a prime Tulsa location with a highly recognizable and financially sound tenant. The property's strong financials, coupled with the long-term lease and built-in rent increases, make it an attractive addition to any portfolio. The location benefits from excellent demographics and strong market presence.

    Property Features for 1340 71St St

    General Information

    Property type
    Restaurants
    Square Feet
    1,600 SF
    Lot Size
    26,136 SF

    Building Details

    Year Built
    2024

    HighLights

    • Brand‑new, 1,600 SF Starbucks on a 0.6‑acre lot in Tulsa, OK.
    • 10‑year lease (4, 5‑year options) commencing April 1, 2024, with corporate‑guaranteed tenant.
    • 7.5% rent bumps every five years.
    • Excellent demographics and strong market presence.
    • $2,667,000 asking price ($1,666.88/SF), 6.00% cap rate, $160,000 NOI.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Starbucks 8926 Coffee Shop Starbucks Coffee Shop Quincy & 71st Transit Station

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tulsa
    County
    Tulsa
    State
    Oklahoma
    Longitude
    -95.973881
    Latitude
    36.0602019

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    FAQs

    What type of property is this?
    Restaurant - Prime QSR location, 10-year lease, strong ROI.
    Where is this restaurant located?
    The property is located at 1340 71St St Tulsa, OK.
    What is the asking price?
    The asking price for this property is $2,667,000.
    What are key features of this property?
    This property features: Brand-new, 1,600 SF Starbucks on a 0.6-acre lot in Tulsa, OK.; 10-year lease (4, 5-year options) commencing April 1, 2024, with corporate-guaranteed tenant.; 7.5% rent bumps every five years.
    (918) 794-9516
    Request Owner's contact information
    1340 71St St Tulsa, OK 74136
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    Tulsa, OK 74136
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1340 71St St Tulsa, OK 74136
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