Listed by SRS Real Estate Partners Newport Beach
$1,951,000
HTeaO
Details
APN 90006061
Property Type Retail
Sub Type Restaurant
Square Footage 2,263
Cap Rate 6.15%
NOI $120,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 06/02/2043
Remaining Term 16.9
Rent Bumps Yes
Lease Options 4, 5-Year
Price per SqFt $862
Year Built 2023
Acreage 0.740
Zoning Commercial
Parking Spaces 17 spaces
Parking per 1,000 SqFt 7.51
Tenant Credit Franchisee
Lease Commencement 06/02/2023
Ownership Fee Simple (Land & Building)
Retail | 6.15% CAP | 2,263 SqFt
Marketing description
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, HTeaO investment property located in Mustang, Oklahoma. The tenant, HTeaO has 17 years remaining on the initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a investor.
Investment highlights
- 17-Years Remaining | Franchisee-Guaranteed Lease | Options To Extend | Scheduled Rental Increases
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Excellent Frontage Visbility | Dense Retail Corridor |Adjacent to a Lowe’s-Anchored Center | High Traffic Counts
- High-Growth Suburb | Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$120,000.00
$10,000.00/mo
Valuation Metrics
0
DSCR
6.15%
Cap Rate
6.15%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
