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22887823
22887824

3323 NW Cache Road, Lawton, OK 73505 For Sale

TS
OK 149994, TX 9002994
Marcus & Millichap - Oklahoma City
Listed by Marcus & Millichap - Oklahoma City
$1,777,777
460 days on market
Updated 103 days ago

HTEAO w/ DUAL DR-THRU | 15YR NNN | GROWING & POPULAR BRAND

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 2,546
Cap Rate 6.75%
NOI $120,000
Tenancy Single
Brand/Tenant HTeaO
Lease Type Absolute NNN
Lease Expiration 03/27/2040
Remaining Term 13.7
Rent Bumps Yes
Class A
Year Built 2024
Acreage 0.690
Investment Type Net Lease
Tenant Credit Franchisee

Retail | 6.75% CAP | 2,546 SF

Marketing description

PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:

https://themansourgroup.com/properties/310409/hteao

Investment highlights

  • 15 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 1.5% Annual Increases throughout the Initial Term and CPI Adjustments in the Options. Brand New Construction w/ Dual Drive-Thru.

  • Positioned Along Area’s Major Retail and Traffic Corridor. Features Easy Access and Excellent Visibility at an Intersection with Daily Traffic Counts Exceeding 34k Vehicles.

  • Largest Franchisee in HTeaO System - HTeaO is the Largest and Fastest Growing Iced Tea Operator in the Quick Serve Restaurant Space, focusing primarily on serving Texas Style Refreshing Iced Tea.

  • Minutes from Fort Sill - One of the most Important and Largest Military Installations in the United States - Home to 53k, including 20k Personnel and 33k Family Members.

  • Near Numerous National Retailers including Walmart Supercenter, Lowe’s, The Home Depot, Sam’s Club, Big Lots, ALDI, Harbor Freight Tools, Ross Dress for Less, Hobby Lobby and many more.

  • Densely Populated Area: Features more than 85k People Residing within a 5-Mile Radius. Lawton, has Experienced Moderate Population Growth over the past few Decades.

  • Near Central Plaza - a Shopping Center Offering a Mix of Retail Stores, Dining Options, and Services. It’s a Convenient Hub for Local Shoppers and Visitors, providing a Range of Businesses and Amenities in a Central Location.

  • Down the Street from Comanche County Memorial Hospital - a Comprehensive Healthcare Facility Offering Services like Emergency Care, Surgery, and Specialized Treatments. As a Regional Healthcare Provider, it focuses on Advanced Medical Care and Serves Patients Throughout Southwest Oklahoma. In Close proximity to Cameron University - serves around 4k Students, offering a Diverse and Inclusive Environment. The University provides more than 50 Degree Programs, Focusing on Accessible and Affordable

Listing Contacts

TS
OK 149994, TX 9002994
Marcus & Millichap - Oklahoma City
Listed by Marcus & Millichap - Oklahoma City

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$120,000.00
$10,000.00/mo

Valuation Metrics

0
DSCR
6.75%
Cap Rate
6.75%
ROI

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Additional Information

Name
Tim Speck
License
OK 149994
Title
Broker of Record
Name
Tim Speck
License
149994
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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