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Restaurant

HTeaO w/ Dual Dr-Thru @ OKC University | 15 Yr Absolute Net Lease | Largest Franchisee in the Chain

1400 NW 23rd St, Oklahoma City, OK 73106

Listing Price: $1,777,777

Cap Rate
6.75%
Tenant Name
HTeaO
Years Remaining On Lease
15.0
Gross SF
2,527
Guarantor
Franchisee Guarantee
Rentable SF
2,527
Price/Gross SF
$703.51
Lease Type
Absolute Net
Rent Per Square Feet
$47.49

Investment Overview

The area around this HTeaO in Oklahoma City is a vibrant and diverse part of the city. Located near the historic Uptown 23rd District, this neighborhood has a mix of local businesses, restaurants, and cultural attractions. It’s close to the Paseo Arts District, known for its art galleries, unique boutiques, and monthly First Friday art walks, attracting both locals and tourists.

NW 23rd St is a major corridor, with a blend of older architecture and new developments, giving it a revitalized feel. The nearby Oklahoma City University brings a youthful and dynamic energy to the area, as students frequent local eateries and shops. Additionally, the Asian District is just a short distance away, offering a variety of international cuisine and specialty grocery stores.

The area sees a lot of foot and vehicle traffic, making it a prime location for businesses. It’s also well-connected to other parts of Oklahoma City via major roads and public transportation. The diverse population, paired with a growing interest in local food and culture, creates a welcoming environment for a quick service restaurant to thrive.

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. Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 21k Vehicles.
  • 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.
  • Strong Daytime Employment Area - Near Numerous Established Business Parks, Office Spaces, Distribution Centers, Industrial and Manufacturing Plants, attracting thousands of employees daily.
  • Adjacent to Oklahoma City University - a Private University known for its Strong Performing Arts, Law, and Business Programs. It Fosters a Vibrant Student Community, Contributing to the Local Culture and Economy.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $80k within a 1-Mile Radius and over 213k People Residing within a 5-Mile Radius.
  • In Close Proximity to Numerous National Retailers including Walmart Supercenter, Target, Sam's Club, WinCo Foods, Walmart Neighborhood Market, Lowe's Home Improvement and many more.
  • In Close Proximity to Numerous Schools including Northwest Classen High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers. Near 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.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Financing By

Restaurant

HTeaO w/ Dual Dr-Thru @ OKC University | 15 Yr Absolute Net Lease | Largest Franchisee in the Chain

Listing Price: $1,777,777

Cap Rate
6.75%
Tenant Name
HTeaO
Years Remaining On Lease
15.0
Gross SF
2,527
Guarantor
Franchisee Guarantee
Rentable SF
2,527
Price/Gross SF
$703.51
Lease Type
Absolute Net
Rent Per Square Feet
$47.49

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. Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 21k Vehicles.
  • 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.
  • Strong Daytime Employment Area - Near Numerous Established Business Parks, Office Spaces, Distribution Centers, Industrial and Manufacturing Plants, attracting thousands of employees daily.
  • Adjacent to Oklahoma City University - a Private University known for its Strong Performing Arts, Law, and Business Programs. It Fosters a Vibrant Student Community, Contributing to the Local Culture and Economy.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $80k within a 1-Mile Radius and over 213k People Residing within a 5-Mile Radius.
  • In Close Proximity to Numerous National Retailers including Walmart Supercenter, Target, Sam's Club, WinCo Foods, Walmart Neighborhood Market, Lowe's Home Improvement and many more.
  • In Close Proximity to Numerous Schools including Northwest Classen High School, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers. Near 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.

Investment Overview

The area around this HTeaO in Oklahoma City is a vibrant and diverse part of the city. Located near the historic Uptown 23rd District, this neighborhood has a mix of local businesses, restaurants, and cultural attractions. It’s close to the Paseo Arts District, known for its art galleries, unique boutiques, and monthly First Friday art walks, attracting both locals and tourists. NW 23rd St is a major corridor, with a blend of older architecture and new developments, giving it a revitalized feel. The nearby Oklahoma City University brings a youthful and dynamic energy to the area, as students frequent local eateries and shops. Additionally, the Asian District is just a short distance away, offering a variety of international cuisine and specialty grocery stores. The area sees a lot of foot and vehicle traffic, making it a prime location for businesses. It’s also well-connected to other parts of Oklahoma City via major roads and public transportation. The diverse population, paired with a growing interest in local food and culture, creates a welcoming environment for a quick service restaurant to thrive.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

Financing By

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