2625 Main St Miami, OK 74354
- Retail properties
- 2,540 SF
- 1.00 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2625 Main St
- Year built
- 2024
- Lot size
- 1.00 lot acres
- Property size
- 2,540 SF
- Property type
- Retail properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Ottawa
- State
- Oklahoma
- Longitude
- -94.8775
- Latitude
- 36.9078
