1340 71st St, Tulsa, OK 74136-5034

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.