HTeaO

4917 Colleyville Boulevard, Colleyville, TX 76034

$2,233,000

Cap Rate 5.75%

Views: 82 DOM: 204 Updated: 08.06.24 Posted: 02.16.24 Status: Active

Summary

Price $2,233,000	Built/Renov 2023	Tenant HTeaO
Cap Rate 5.75%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 1,776	Lease Start 05-01-2024	#Units 1
Price/SF $1,257.32	Expiration 04-30-2039	Tenant Type Fast Food/QSR
NOI $128,400	R. Term 14.7	Ownership Fee Simple
Rent/SF $72.30	Increases 10.0%/15/yrs	Pop 5Mi 263,254
Lot/AC 0.47	Options 3/5yrs/10%	AHHI 5Mi $138,245

Lease Highlights

Brand new 2023 construction
HTeaO will be executing a brand new 15-year lease with 3 (5-year) options to extend
The lease features 10% rental increases at the start of each option period
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by Double Tea II, LLC

Location Description

HTeaO is strategically located on Colleyville Blvd/State Hwy 26, a bustling retail and commuter thoroughfare with access to a daily traffic count of 32,900 vehicles. The property enjoys proximity to the major signalized intersection of Glade Road and Colleyville Boulevard, with a substantial daily traffic count of 61,200 VPD. Moreover, it benefits from excellent visibility and access via...

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Key Features

New construction
Dense retail corridor
Near major nationals
Highway location
Top 100 MSA
Strong demographics
Income tax free state
Brand new lease
Long 15+ yr lease
Personal guarantee

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Links

HTeaO Wikipedia Colleyville, Texas Zip Code 76034 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: HTeaO
Guarantor:Franchisee
Company:Double Tea II, LLC
# Units:1
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 :	5,773	81,249	261,127
2023 Total Population :	5,910	82,646	263,254
2023 Employed Civilian Pop :	3,039	45,045	141,901
2023 Total Businesses :	680	3,500	11,830
2023 Average Household Income :	$ 209,964	$ 168,822	$ 138,245
2023 Total Consumer Spending :	$ 387 M	$ 4548 M	$ 11830 M
2023 Median Age :	49	48	42
2023 Total Households :	2,235	32,080	100,356
2023 Pop Age 25+: Bachelor's Degree :	1,540	24,162	61,359
2023 Average Home Value :	$ 536,084	$ 478,935	$ 425,742

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Glade Rd	Glade Creek Dr	2004	600	0.10 mi
Glade Rd	Shadowood Rd	2009	9,440	0.15 mi
Thompson Ter	Glade Rd	2009	1,570	0.16 mi
Pleasant Run Rd	Main St	2004	2,560	0.26 mi
Blvd 26	Centerpark Dr	2010	32,934	0.29 mi
Bedford Rd	Somerset Blvd	2009	5,170	0.50 mi
Blvd 26	Church St	2010	30,533	0.50 mi
Glade Rd	Mill Creek Dr	2009	8,800	0.53 mi
Brown Trl	Blvd 26	2009	7,000	0.65 mi
Brown Trl	Tiffany PkLn	2009	6,720	0.69 mi

Listing Broker

Matthew Mousavi

SRS National Net Lease Group

Contact

343 Listings
29553 Views
131 Sold

Patrick Luther

SRS National Net Lease Group

Contact

393 Listings
32660 Views
160 Sold

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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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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