HTeaO

909 Avenue H, Marble Falls, TX 78654

$2,170,000

Cap Rate 6.50%

Views: 153 DOM: 153 Updated: 10.29.24 Posted: 06.21.24 Status: Active

Summary

Price $2,170,000	Built/Renov 2024	Tenant HTeaO
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 2,371	Lease Start 06-01-2024	#Units 135
Price/SF $915.23	Expiration 05-31-2039	Tenant Type Fast Food/QSR
NOI $141,000	R. Term 14.6	Ownership Fee Simple
Rent/SF $59.47	Increases 10.0%/5/yrs	Pop 5Mi 14,235
Lot/AC 0.48	Options 3/5yrs/10%	AHHI 5Mi $86,280

Jeff Lefko

Hanley Investment Group

Contact

Lease Highlights

Brand-new 2024 construction
New 15-year lease with 3 (5-year) options to extend
The lease features 10% rental increases throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

HTeaO is strategically located at the signalized, hard corner intersection of Avenue H and FM 1431, with access to a combined daily traffic count of 19,500 vehicles. The property is surrounded by well-known national tenants, including Burger King, Pizza Hut, Exxon, Dairy Queen, Baskin Robbins, and more. Key community educational institutions in the immediate area include Marble Falls Middle...

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Key Features

New construction
Hard corner intersection
Dense retail corridor
Near major nationals
Affluent suburb location
Income tax free state
Brand new lease
Absolute NNN
Long 10+ yr lease
Corporate Guarantee

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Links

HTeaO Wikipedia Marble Falls, Texas Zip Code 78654 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: HTeaO
Guarantor:Corporate
Company:HTeaO
# Units:135
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
2029 Total Population :	3,493	11,262	17,823
2024 Total Population :	3,505	9,952	14,427
2024 Employed Civilian Pop :	1,721	4,581	6,812
2024 Total Businesses :	589	984	1,143
2024 Average Household Income :	$ 85,553	$ 98,986	$ 96,846
2024 Total Consumer Spending :	$ 107 M	$ 372 M	$ 510 M
2024 Median Age :	42	46	44
2024 Total Households :	1,406	4,256	5,961
2024 Pop Age 25+: Bachelor's Degree :	575	1,876	2,590
2024 Average Home Value :	$ 382,488	$ 383,427	$ 396,366

*ESRI data is presented for informational purposes only

Listing Broker

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