loader
Join Free
Views: 100 Updated: 11.29.23 Posted: 09.28.23 Status: Inactive

Summary

Price $1,850,434
Built/Renov 2021
Tenant HTeaO
Cap Rate 5.75%
Lease Type NN+
Guarantor Franchisee
Size/SF 2,128
Lease Start 07-30-2021
#Units 1
Price/SF $869.56
Expiration 07-31-2031
Tenant Type Fast Food/QSR
NOI $106,400
R. Term 7.0
Ownership Fee Simple
Rent/SF $50.00
Increases 10.0%/7/yrs
Pop 5Mi 135,129
Lot/AC 0.60
Options 2/5yrs/10%
AHHI 5Mi $83,258

Lease Highlights

  • Recently constructed
  • HTeaO has 7+ years remaining on their primary lease with 2 (5-year) options to extend
  • Lease features 10% increases every 5 years throughout the base term and at the start of each option
  • Favorable NN+ lease with landlord responsible for roof & structure
  • Franchisee guaranteed

Location Description

HTeaO is extremely well located along N Tyler Road, benefiting from a traffic count of 38,000 vehicles passing by daily. It is conveniently located just seconds away from the signalized intersection of N Tyler Road and W 13th Street N, which is one of the area’s primary commercial corridors. The surrounding trade area is experiencing growth with the construction of new single tenants and...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: HTeaO
  • Guarantor:Franchisee
  • Company:Franchisee
  • # Units:1
  • Stock:Private

About Tenant

HTeaO is the leading iced tea franchise and is breaking into a niche category within the beverage industry.They serve ultra-premium tea, water and coffee related products to customers in-store and...


...

Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 11,576 71,044 135,715
2023 Total Population : 11,708 71,670 135,144
2023 Employed Civilian Pop : 5,910 36,874 67,647
2023 Total Businesses : 384 2,442 4,516
2023 Average Household Income : $ 82,658 $ 93,122 $ 89,305
2023 Total Consumer Spending : $ 316 M $ 2314 M $ 4173 M
2023 Median Age : 41 40 38
2023 Total Households : 4,468 28,971 54,220
2023 Pop Age 25+: Bachelor's Degree : 2,136 12,969 22,388
2023 Average Home Value : $ 200,773 $ 234,424 $ 227,530
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
N Tyler Rd Suncrest St 2000 22,030 0.07 mi
West 13th Street North N Tyler Rd 2018 18,090 0.16 mi
W 13th St N W Harvest Ln 2000 16,242 0.19 mi
West 13th Street North W Hale 2021 18,335 0.49 mi
W Harvest Ln Murray St 2000 580 0.53 mi
W 13th St N Murray St 2000 14,970 0.54 mi
West 13th Street North N Caddy Ln 2021 18,051 0.55 mi
N Westlink Ave W 13th St N 2000 2,210 0.57 mi
N Westlink Ave Peterson St 2000 2,415 0.60 mi
North Tyler Road W 9th St N 2021 17,940 0.65 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity