10 Goodrich Blvd Miami, OK 74354
- Retail properties
- 629 SF
- 0.50 lot acres
Current Use by Public Records
- Scooter's Coffee / Coffee Shop
Property Details for 10 Goodrich Blvd
- Year built
- 2023
- Lot size
- 0.50 lot acres
- Property size
- 629 SF
- Property type
- Retail properties
Description
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.
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
- -94.878
- Latitude
- 36.8892
