The Village- OKC- HTeaO (Tenant).
Retail | 6.22% CAP
Marketing description
Opportunity to acquire property located at 10805 N May Avenue, The Village, Oklahoma. Excellent visibility with easy access to May Avenue & Hefner. Beautiful and meticulously maintained property with plentiful parking built in 2020.
NEW 15-year NNN lease with HTeaO.
August 1st, 2024, to July 31st, 2039, with 5x five-year extension options. Year 2 NOI: $127,500.00.
Founded in 2009, TX-based HTeaO is the largest iced tea franchisor in the United States. The stores offer both in-store and drive-through drink options, including more than 26 flavors of sweetened and unsweetened iced tea, plus a coffee menu and filtered water. The company launched its first franchised location in 2018 in Midland, TX. To date, HTeaO has opened 140 locations with 50 more under construction, and has awarded 426 franchise licenses. HTeaO is present in Florida, Kansas, New Mexico, Oklahoma, and Texas. In January 2023, the company announced that Crux Capital and Trive Capital, two Dallas-based private equity firms, acquired a minority stake in HTeaO. The partnership positions HTeaO to accelerate geographic expansion, attract key talent and employ innovative technology to improve quality of service while enhancing the customer experience.
Investment highlights
Opportunity to acquire property located at 10805 N May Avenue, The Village, Oklahoma. Excellent visibility with easy access to May Avenue & Hefner. Beautiful and meticulously maintained property with plentiful parking built in 2020.
NEW 15-year NNN lease with HTeaO.
August 1st, 2024, to July 31st, 2039, with 5x five-year extension options. Year 2 NOI: $127,500.00.
Founded in 2009, TX-based HTeaO is the largest iced tea franchisor in the United States. The stores offer both in-store and drive-through drink options, including more than 26 flavors of sweetened and unsweetened iced tea, plus a coffee menu and filtered water. The company launched its first franchised location in 2018 in Midland, TX. To date, HTeaO has opened 140 locations with 50 more under construction, and has awarded 426 franchise licenses. HTeaO is present in Florida, Kansas, New Mexico, Oklahoma, and Texas. In January 2023, the company announced that Crux Capital and Trive Capital, two Dallas-based private equity firms, acquired a minority stake in HTeaO. The partnership positions HTeaO to accelerate geographic expansion, attract key talent and employ innovative technology to improve quality of service while enhancing the customer experience.
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