HTeaO

2900 Lamar Avenue, Paris, TX 75460

$1,700,000

Cap Rate 6.00%

Views: 58 DOM: 147 Updated: 06.25.24 Posted: 03.02.24 Status: Active

Summary

Price $1,700,000	Built/Renov 2023	Tenant HTeaO
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,164	Lease Start 06-01-2024	#Units 126
Price/SF $785.58	Expiration 05-31-2034	Tenant Type Fast Food/QSR
NOI $102,000	R. Term 9.10	Ownership Fee Simple
Rent/SF $47.13	Increases 6.0%/5/yrs	Pop 5Mi 29,775
Lot/AC 0.63	Options 6/5yrs/10%	AHHI 5Mi $61,127

Lease Highlights

New 2023 construction
HTeaO will be executing a brand-new 10-year lease with 6 (5-year) options to extend
The lease features 6% rental escalations throughout the initial term and 10% at the start of each option period
Absolute NNN | Zero landlord responsibilities
Franchisee guaranteed lease

Location Description

HTeaO is strategically located on Lamar Avenue, an arterial thoroughfare, with access to 20,100 vehicles passing by daily. The property's location is further enhanced by its proximity to Paris Towne Center, a bustling community center featuring national tenants such as Hobby Lobby, Aldi, Ross, Big Lots, Hibbett Sports, and more. Additionally, the site benefits from easy access to State Highway...

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Key Features

New construction
Dense retail corridor
Near major nationals
Highway location
Strong tenant synergy
Income tax free state
Brand new lease
Absolute NNN
Long 10+ yr lease
100+ unit franchisee backed

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Links

HTeaO Wikipedia Paris, Texas Zip Code 75460 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: HTeaO
Guarantor:Franchisee
Company:Franchisee
# Units:126
Stock:Private

About Tenant

Founded in 2009, Texas-based HTeaO is the leading iced tea franchise, breaking into a niche category in the beverage industry. With a cost-effective business model, the brand operates its own...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	8,035	23,067	29,492
2023 Total Population :	8,176	23,224	29,786
2023 Employed Civilian Pop :	3,788	9,784	13,186
2023 Total Businesses :	523	1,435	1,688
2023 Average Household Income :	$ 56,623	$ 57,272	$ 61,126
2023 Total Consumer Spending :	$ 178 M	$ 486 M	$ 660 M
2023 Median Age :	40	40	40
2023 Total Households :	3,602	9,705	12,344
2023 Pop Age 25+: Bachelor's Degree :	876	2,073	2,800
2023 Average Home Value :	$ 155,248	$ 167,587	$ 180,978

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
20th Street Northeast	Lamar Ave	2022	6,790	0.64 mi
Lamar Avenue	19th St NE	2022	12,171	0.67 mi
Lamar Avenue	35th St NE	2022	19,379	0.67 mi
Clarksville Street	20th St SE	2022	7,310	0.74 mi
Lamar Ave	35th St NE	2014	15,407	0.75 mi
Clarksville St	18th St SE	2014	7,632	0.81 mi
	Pine Mill Rd	2021	2,747	0.83 mi
	Pine Mill Rd	2022	2,630	0.83 mi
	NE Loop 286	2021	3,588	0.85 mi
	NE Loop 286	2022	3,378	0.85 mi

Listing Broker

Patrick Luther

SRS National Net Lease Group

Contact

360 Listings
26336 Views
142 Sold

Matthew Mousavi

SRS National Net Lease Group

Contact

314 Listings
23876 Views
117 Sold

Patrick Luther

Patrick joined SRS in 2016 with more than 10 years of transactional brokerage experience in the commercial real estate industry and over $1 billion in closed transactions, representing over 300 individual properties. Along with Matthew Mousavi, Patrick co-founded and leads the National Net Lease Group at SRS, the exclusive net lease capital markets platform within SRS, comprised of more than 75 professionals handling all net lease transactions for the firm nationally. He focuses on all types of

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Matthew Mousavi

Matthew is the managing principal and co-founder of the SRS National Net Lease Group, based in Newport Beach, California. SRS’ is the exclusive net lease investment advisory platform across more than 25 offices nationally. SRS is the largest retail estate firm in North America exclusively focused on retail services, of which Matthew is a member of the board. The firm has a track record spanning over 30 years and billions in transaction volume, and represents over 400 retailers throughout the co

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