HTeaO

914 North 14th Street, Leesburg, FL 34748

$2,278,770

Cap Rate 6.00%

Views: 91 DOM: 210 Updated: 07.12.24 Posted: 02.11.24 Status: Active

Summary

Price $2,278,770	Built/Renov 2024	Tenant HTeaO
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 2,000	Lease Start 03-01-2024	#Units 1
Price/SF $1,139.38	Expiration 02-28-2039	Tenant Type Fast Food/QSR
NOI $136,726	R. Term 14.5	Ownership Fee Simple
Rent/SF $68.36	Increases 10.0%/5/yrs	Pop 5Mi 56,525
Lot/AC 0.52	Options 3/5yrs/10%	AHHI 5Mi $74,487

Michael Watson

Northmarq

Contact

Lease Highlights

Brand-new 2024 construction
HTeaO will be executing a brand-new 15-year lease with 3 (5-year) options to extend
The lease features 10% rental increases throughout the initial term and each option period
Absolute NNN | Zero landlord responsibilities
Franchisee guaranteed lease

Location Description

HTeaO is strategically located at the signalized, hard corner intersection of N 14th Street and Citizens Blvd, with access to a combined daily traffic count of 36,003 vehicles. Additionally, it benefits from connectivity to U.S. Hwy 441, which sees over 38,353 VPD, offering a direct route to Leesburg International Airport, just under six miles from the property. Situated ideally in a densely...

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Key Features

New construction
Signalized intersection
Dense retail corridor
Near major nationals
Top 100 MSA
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Personal guarantee

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Links

HTeaO Wikipedia Leesburg, Florida Zip Code 34748 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: HTeaO
Guarantor:Franchisee
Company:Franchisee
# 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 :	7,330	28,536	56,922
2023 Total Population :	7,392	28,365	56,525
2023 Employed Civilian Pop :	3,216	11,562	21,318
2023 Total Businesses :	658	1,698	2,222
2023 Average Household Income :	$ 56,695	$ 62,105	$ 74,487
2023 Total Consumer Spending :	$ 153 M	$ 637 M	$ 1639 M
2023 Median Age :	39	49	53
2023 Total Households :	3,049	11,629	25,059
2023 Pop Age 25+: Bachelor's Degree :	400	2,613	7,065
2023 Average Home Value :	$ 235,226	$ 253,128	$ 289,469

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
14th Street	Center St	2022	21,500	0.14 mi
14th Street	Sunshine Ave	2021	21,600	0.14 mi
North Boulevard	Marion St	2021	39,500	0.18 mi
North Blvd W	Marion St	2012	33,000	0.19 mi
North Blvd W	Newman Dr	2012	29,547	0.23 mi
14th Street	North Blvd W	2022	11,500	0.25 mi
14th Street	North Blvd W	2021	10,800	0.25 mi
14th Street	North Blvd W	2022	40,500	0.31 mi
14th Street	North Blvd W	2021	39,500	0.31 mi
North Boulevard	Bentley Rd	2022	30,500	0.34 mi

Listing Broker

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