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Views: 85 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 7.1
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...

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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...


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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

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