208 Blake Dr Wagoner, OK 74467
- Retail properties
- 2,020 SF
- 1.46 lot acres
Current Use by Public Records
- Starbucks / Coffee Shop / Breakfast Restaurant
Property Details for 208 Blake Dr
- Year built
- 2024
- Lot size
- 1.46 lot acres
- Property size
- 2,020 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a newly constructed (2024), 2,020 square foot Starbucks located at 208 Blake Dr, Wagoner, OK 74467. Boasting a prime location on US Route 69 with over 26,100 vehicles per day, this property benefits from high visibility and strong traffic counts. The 10-year net lease (commencing June 25, 2024) features a credit-rated, corporate-guaranteed tenant with built-in rent bumps. The property's strategic placement adjacent to Wagoner Community Hospital, a 100-bed facility, and near major retailers like Walmart and McDonald's, ensures a robust customer base. With a 6.10% cap rate and a $125,000 NOI, this investment offers significant potential for long-term returns. The 1.46-acre lot provides ample space, and the property's proximity to schools and a high population density further enhances its appeal. This is a rare opportunity to acquire a high-quality, net-leased Starbucks in a thriving market. The property is a 2024 build-out featuring a dual drive-thru lane for added customer convenience. This is a 1031 exchange eligible property.
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
- Wagoner
- County
- Wagoner
- State
- Oklahoma
- Longitude
- -95.3933
- Latitude
- 35.9626
