Listed by SRS Real Estate Partners Newport Beach
$1,951,000
HTeaO | Yukon, OK
Details
APN 90144567
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,298
Cap Rate 6.15%
NOI $120,000
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 09/14/2043
Remaining Term 17.2
Rent Bumps Yes
Lease Options 4, 5-Year
Price per SqFt $849
Year Built 2023
Acreage 0.800
Zoning C-3
Parking Spaces 20 spaces
Parking per 1,000 SqFt 8.70
Tenant Credit Franchisee
Lease Commencement 09/15/2023
Ownership Fee Simple (Land & Building)
Retail | 6.15% CAP | 2,298 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 Yukon, Oklahoma. The tenant, HTeaO has 17 years reamining on the intial 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
- Near Signalized Hard-Corner Intersection | Dense Retail Corridor |Chisholm Shopping Center | High Traffic Counts (89,000 VPD)
- High-Growth Suburb | Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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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
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