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Restaurant

HTeaO w/ Dual Drive-Thru w/ Increases | 15 Year Absolute Net Lease | Largest Franchisee in the Chain

1002 N Porter Ave, Norman (Oklahoma City MSA), OK 73071

Listing Price: $2,240,000

Cap Rate
6.25%
Tenant Name
HTeaO
Years Remaining On Lease
15.1
Gross SF
2,566
Guarantor
Franchisee Guarantee
Rentable SF
2,566
Price/Gross SF
$872.95
Lease Type
Absolute Net
Rent Per Square Feet
$54.56

Investment Overview

Norman, OK, is a dynamic and bustling city that offers great opportunities for running a quick service restaurant. As the home of the University of Oklahoma, Norman has a large, diverse, and energetic population, driven by students, faculty, and university visitors. This creates a constant flow of potential customers, especially during the school year and sporting events, when the town comes alive with fans and visitors.

The city is also known for its strong local economy, which continues to grow thanks to various industries and its proximity to Oklahoma City. Norman boasts a rich cultural scene, with museums, music venues, and festivals that attract both residents and tourists. This cultural vibrancy provides opportunities for your restaurant to become a favorite spot for those attending events or looking for a quick bite during busy city activities.

Norman’s community is also known for supporting local businesses, and your restaurant could benefit from this sense of loyalty and pride. With its family-friendly atmosphere, great schools, and numerous parks, Norman is a place where families and young professionals alike enjoy dining out.

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 1.5% Annual Increases throughout the Initial Term and CPI Adjustments in the Options. Brand New Construction w/ Dual Drive-Thru.
  • Positioned Along Area's Major Retail and Traffic Corridor. Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 18k Vehicles.
  • Largest Franchisee in HTeaO System - HTeaO is the Largest and Fastest Growing Iced Tea Operator in the Quick Serve Restaurant Space, focusing primarily on serving Texas Style Refreshing Iced Tea.
  • Directly Across Norman Regional Health System's Porter Campus - a 29.3-acre Project Aimed at Enhancing Healthcare in Norman. It will include Medical Facilities, Senior Wellness Services, Administrative Offices, and Educational and Community Spaces.
  • Minutes from The University of Oklahoma - a Major Public Research Institution known for its strong Academics, Athletics, and Vibrant Campus Life with over 21k Students Currently Enrolled.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $80k and over 125k People Residing within a 5-Mile Radius.
  • Minutes from Max Westheimer Airport KOUN - a Public-use Airport Owned by the University of Oklahoma - supporting General Aviation, Flight Training, and Serves as a Base for the University's Aviation Program, with Facilities for Private and Charter Flights.
  • Walking Distance from Griffin Community Park - a Large Recreational Space Offering Sports Fields, Picnic Areas, Playgrounds, Walking Trails, and a Pond Offering Family Outings, Sports Activities, and Outdoor Relaxation. Near Downtown Oklahoma City - Home to Paycom Center (Oklahoma City's Thunder NBA Team), Variety of Museums, Theaters, Music Venues, & Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s) OK: 149994

    Oklahoma

Financing By

Restaurant

HTeaO w/ Dual Drive-Thru w/ Increases | 15 Year Absolute Net Lease | Largest Franchisee in the Chain

Listing Price: $2,240,000

Cap Rate
6.25%
Tenant Name
HTeaO
Years Remaining On Lease
15.1
Gross SF
2,566
Guarantor
Franchisee Guarantee
Rentable SF
2,566
Price/Gross SF
$872.95
Lease Type
Absolute Net
Rent Per Square Feet
$54.56

Investment Highlights

  • 15 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 1.5% Annual Increases throughout the Initial Term and CPI Adjustments in the Options. Brand New Construction w/ Dual Drive-Thru.
  • Positioned Along Area's Major Retail and Traffic Corridor. Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Combined Traffic Counts Exceeding 18k Vehicles.
  • Largest Franchisee in HTeaO System - HTeaO is the Largest and Fastest Growing Iced Tea Operator in the Quick Serve Restaurant Space, focusing primarily on serving Texas Style Refreshing Iced Tea.
  • Directly Across Norman Regional Health System's Porter Campus - a 29.3-acre Project Aimed at Enhancing Healthcare in Norman. It will include Medical Facilities, Senior Wellness Services, Administrative Offices, and Educational and Community Spaces.
  • Minutes from The University of Oklahoma - a Major Public Research Institution known for its strong Academics, Athletics, and Vibrant Campus Life with over 21k Students Currently Enrolled.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $80k and over 125k People Residing within a 5-Mile Radius.
  • Minutes from Max Westheimer Airport KOUN - a Public-use Airport Owned by the University of Oklahoma - supporting General Aviation, Flight Training, and Serves as a Base for the University's Aviation Program, with Facilities for Private and Charter Flights.
  • Walking Distance from Griffin Community Park - a Large Recreational Space Offering Sports Fields, Picnic Areas, Playgrounds, Walking Trails, and a Pond Offering Family Outings, Sports Activities, and Outdoor Relaxation. Near Downtown Oklahoma City - Home to Paycom Center (Oklahoma City's Thunder NBA Team), Variety of Museums, Theaters, Music Venues, & Restaurants, Providing Residents and Visitors with a Wide Range of Activities to Enjoy.

Investment Overview

Norman, OK, is a dynamic and bustling city that offers great opportunities for running a quick service restaurant. As the home of the University of Oklahoma, Norman has a large, diverse, and energetic population, driven by students, faculty, and university visitors. This creates a constant flow of potential customers, especially during the school year and sporting events, when the town comes alive with fans and visitors. The city is also known for its strong local economy, which continues to grow thanks to various industries and its proximity to Oklahoma City. Norman boasts a rich cultural scene, with museums, music venues, and festivals that attract both residents and tourists. This cultural vibrancy provides opportunities for your restaurant to become a favorite spot for those attending events or looking for a quick bite during busy city activities. Norman’s community is also known for supporting local businesses, and your restaurant could benefit from this sense of loyalty and pride. With its family-friendly atmosphere, great schools, and numerous parks, Norman is a place where families and young professionals alike enjoy dining out.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (918) 294-6300

    License(s): OK: 149994

    Oklahoma

Financing By

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