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HTeaO | 17yrs Remain Abs NNN w/ Incrs 719 E State Highway 152 2,263 SF Retail Building Mustang, OK 73064 $2,668,383 CAD ($1,179.14 CAD/SF) 6.15% Cap Rate

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Investment Highlights

17-Years Remaining | Franchisee-Guaranteed Lease | Options To Extend | Scheduled Rental Increases
Excellent Frontage Visbility | Dense Retail Corridor |Adjacent to a Lowe’s-Anchored Center | High Traffic Counts

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
High-Growth Suburb | Strong Demographics In 5-Mile Trade Area

Executive Summary

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.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Building Size

2,263 SF

Building Class

Year Built

2023

Price

$2,668,383 CAD

Price Per SF

$1,179.14 CAD

Cap Rate

6.15%

NOI

$164,124 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.07

Lot Size

0.74 AC

Zoning

Commercial

Parking

17 Spaces (7.51 Spaces per 1,000 SF Leased)

Dedicated Turn Lane
Pylon Sign

Restaurant

Signage

Drive Thru

Accommodation and Food Services
99,999 SF
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HTeaO began as a small family business in Amarillo, Texas in 2009, created by founders Justin Howe, Gary Hutchens, and Kim Hutchens. The company officially launched its franchising model in 2018 after years of development. The brand focuses on providing high-quality iced tea beverages made with filtered water and natural ingredients. While tea remains their core product, they also serve coffee drinks and snacks. The business has expanded beyond Texas into multiple other states through franchising. HTeaO emphasizes community building among tea enthusiasts and offers a variety of signature flavors.