HTeaO

701 South Cedar Street, Pecos, TX 79772

$1,785,714

Cap Rate 7.00%

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DOM: 356 Updated: 11.08.24 Posted: 11.08.24 Status: Active

Summary

Price $1,785,714	Built/Renov 2020	Tenant HTeaO
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,500	Lease Start 12-01-2024	#Units 140
Price/SF $714.29	Expiration 12-01-2039	Tenant Type Fast Food/QSR
NOI $125,000	R. Term 14.1	Ownership Fee Simple
Rent/SF $50.00	Increases 1.8%/1/yrs	Pop 5Mi 12,476
Lot/AC 0.13	Options 4/5yrs/1.75%	AHHI 5Mi $85,765

Highlights

Brand new 15-year lease with 4 (5-year) renewal options
New 2020 construction with drive-thru
The lease features 1.75% annual rental increases
Absolute NNN lease | Zero landlord responsibilities
Franchisee guaranteed lease

Location Description

HTeaO is strategically positioned at the signalized, hard-corner intersection of S Cedar Street and E 7th Street, which sees over 12,000 vehicles passing by daily. The property is just 0.5 miles from Hwy 20, a major east-west interstate running from El Paso through the Dallas-Fort Worth Metroplex. It is located five blocks from Zavala Elementary School of the Pecos-Barstow-Toyah Independent...

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Key Features

New construction
Hard corner intersection
Near major nationals
Highway close
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

HTeaO Wikipedia Pecos, Texas Zip Code 79772 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: HTeaO
Guarantor:Franchisee
Company:Franchisee
# Units:140
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
2030 Total Population :	4,827	9,805	10,719
2025 Total Population :	4,972	9,840	10,791
2025 Employed Civilian Pop :	2,023	4,458	4,642
2025 Total Businesses :	258	429	458
2025 Average Household Income :	$ 61,779	$ 76,862	$ 76,584
2025 Total Consumer Spending :	$ 105 M	$ 248 M	$ 260 M
2025 Median Age :	37	35	36
2025 Total Households :	1,893	3,628	3,806
2025 Pop Age 25+: Bachelor's Degree :	236	432	473
2025 Average Home Value :	$ 173,207	$ 182,062	$ 183,020

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
S Cedar St	E 4th St	2002	4,900	0.21 mi
South Cedar Street	E 4th St	2022	8,938	0.26 mi
East 3rd Street	S Oak St	2022	6,518	0.30 mi
East 3rd Street	S Ash St	2022	3,861	0.31 mi
I- 20B Bus	S Walnut St	2002	3,600	0.33 mi
South Cedar Street	E 2nd St	2022	13,819	0.34 mi
South Locust Street	I- 20 Bus	2022	174	0.39 mi
S Cedar St	E 2nd St	2002	4,500	0.40 mi
Mulberry St	I- 20B Bus	2002	1,800	0.61 mi
South Eddy Street	W Walthall St	2020	8,730	0.62 mi

Listing Broker

Jordan Mulloy

Sands Investment Group

Contact

28 Listings
11640 Views
6 Sold

Carlos Arizpe

Sands Investment Group

Contact

1 Listings
360 Views
0 Sold

Jordan Mulloy

Investment Advisor at Sands Investment Group (SIG), a Commercial Real Estate Investment Brokerage Company based in Santa Monica, California. With offices nationwide, SIG is focused on investment sales of single tenant net leased retail properties. Jordan represents clients from Private Capital to Institutional Investors with a specialization in retail investment property sales. Jordan's focus is in the restaurant sector and he serves as an outsourced real estate arm for growing franchisees arou

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Carlos Arizpe

Sands Investment Group is a commercial real estate brokerage firm that specializes in the buying and selling of investment properties for private investors and institutions across the United States. Since its founding in 2010, SIG has closed over 4,100 plus transactions worth more than $8 Billion in 48 states. Advisors with the company currently have over $1.4 billion in active inventory. As a leader in the industry, SIG was first to offer true sub-product type specialization. The firm’s experi

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Ethan Offenbecher

Sands Investment Group

Contact

4 Listings
1023 Views
1 Sold

Will Schuhmacher

Sands Investment Group

Contact

29 Listings
12007 Views
6 Sold

Ethan Offenbecher

Served as Senior Director of the National Retail Group and First Vice President of Investments for one of the leading national CRE investment sales brokerages. He specializes exclusively in the sale of retail investment properties. Throughout his career, he has closed over $900,000,000 in combined transaction value. Ethan and his team focus on relationship building, communication, and collaborative, strategic execution. With access to the largest contact database in the industry and best in

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Will Schuhmacher

Investment Advisor at Sands Investment Group (SIG), a Commercial Real Estate Investment Brokerage Company based in Santa Monica, California. With offices nationwide, SIG is focused on investment sales of single tenant net leased retail properties. Will represents clients from Private Capital to Institutional Investors with a specialization in retail investment property sales. Will's focus is in the restaurant sector and he serves as an outsourced real estate arm for growing franchisees around t

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