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22906835
22906836

3304 N Kickapoo Avenue, Shawnee, OK 74804 For Sale

TS
OK 149994, TX 9002994
Marcus & Millichap - Oklahoma City
Listed by Marcus & Millichap - Oklahoma City
$1,777,777
457 days on market
Updated 100 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 2,527
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 2023
Acreage 0.800
Investment Type Net Lease
Tenant Credit Franchisee

Retail | 6.75% CAP | 2,527 SF

Marketing description

PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:

https://themansourgroup.com/properties/310408/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 with Daily Traffic Counts Exceeding 17k Vehicles. Minutes from Interstate-40 (31k+ VPD).

  • 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.

  • Adjacent to Oklahoma Baptist University - Serves approximately 1,500 Students and Offers Diverse Undergraduate and Graduate Programs, focusing on Academic Excellence, and Leadership within a close, Supportive Campus Environment.

  • Minutes From Shawnee Mall - a 455k+ Sq.ft. Regional Shopping Center Containing four Department Store Anchors, and featuring more than 50 Retailers and Restaurants.

  • Near SSM Health St. Anthony Hospital Shawnee - a Full-Service Healthcare Facility Offering Emergency Care, Surgery, and Specialty Services. It provides High-Quality Medical Care Serving the Surrounding Community.

  • Less than a Mile From Shawnee Regional Airport KSNL - Offering General Aviation Services. With a 6,000-Ft Runway, it Accommodates Private and Small Aircraft, Supporting Local Business, Tourism, and Air Transportation needs.

  • Near Numerous National Retailers including Lowe’s, Hobby Lobby, TJ Maxx, Burlington, PetSmart, ALDI, CVS Pharmacy, Tractor Supply, Harbor Freight Tools and many more. Waling Distance from Bison Field at Ford Park - a baseball stadium that hosts Oklahoma Baptist University (OBU) games. Known for its well-maintained facilities, it provides a vibrant setting for collegiate sports and community events.

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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