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Views: 21 DOM: 15 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 15.0
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

Lease 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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Maps

  • 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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Listing Broker

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