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22887854
22887855

1807 W Lindsey Street, Norman, OK 73069

TS
OK 149994, TX 9002994
Marcus & Millichap - Oklahoma City
Listed by Marcus & Millichap - Oklahoma City
$2,074,074
420 days on market
Updated 63 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 1,775
Cap Rate 6.75%
NOI $140,000
Tenancy Single
Brand/Tenant HTeaO
Lease Type Absolute NNN
Lease Expiration 03/27/2040
Remaining Term 13.8
Rent Bumps Yes
Class A
Year Built 2024
Acreage 0.420
Investment Type Net Lease
Tenant Credit Franchisee

Retail | 6.75% CAP | 1,775 SF

Marketing description

PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:

https://themansourgroup.com/properties/310412/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 near a Signalized Intersection with Daily Combined Traffic Counts Exceeding 32k Vehicles. Near

  • 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.

  • In Close Proximity to Sooner Mall - the Area’s only Enclosed Regional Shopping Center, boasting a variety of more than 76 Retail Stores, Dining Options, and Entertainment with four Major Department Store Anchors.

  • Down the Street from The University of Oklahoma - a Major Public Research Institution known for its strong Academics, Athletics, and Vibrant Campus Life with over 21k Students Currently Enrolled.

  • Densely Populated and Affluent Area: Features an Average Household Income of more than $80k within a 1-Mile Radius and over 123k People Residing within a 5-Mile Radius.

  • Minutes from Max Westheimer Airport KOUN - a Public-use Airport Owned by the University of Oklahoma - supporting General Aviation, Flight Training, and Serves as a Base for the University’s Aviation Program, with Facilities for Private and Charter Flights.

  • Near Numerous National Retailers including Walmart Supercenter, Lowe’s, Best Buy, Hobby Lobby, ALDI, The Home Depot, Sam’s Club, Ross Dress for Less, Burlington, PetSmart and many more. Minutes from Downtown Oklahoma City - Home to Paycom Center (Oklahoma City’s Thunder NBA Team), Variety of Museums, Theaters, Music Venues, & Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.

Listing Contacts

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

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$140,000.00
$11,666.67/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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