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Restaurant

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

1807 W Lindsey St, Norman (Oklahoma City MSA), OK 73069

Listing Price: $2,240,000

Cap Rate
6.25%
Tenant Name
HTeaO
Years Remaining On Lease
15.1
Gross SF
1,775
Guarantor
Franchisee Guarantee
Rentable SF
1,775
Price/Gross SF
$1,261.97
Lease Type
Absolute Net
Rent Per Square Feet
$78.87

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. Features Easy Access and Excellent Visibility near a Signalized Intersection with Daily Combined Traffic Counts Exceeding 32k Vehicles. Near
  • 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.
  • In Close Proximity to Sooner Mall - the Area's only Enclosed Regional Shopping Center, boasting a variety of more than 76 Retail Stores, Dining Options, and Entertainment with four Major Department Store Anchors.
  • Down the Street 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 within a 1-Mile Radius and over 123k 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.
  • Near Numerous National Retailers including Walmart Supercenter, Lowe's, Best Buy, Hobby Lobby, ALDI, The Home Depot, Sam's Club, Ross Dress for Less, Burlington, PetSmart and many more. Minutes from 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
1,775
Guarantor
Franchisee Guarantee
Rentable SF
1,775
Price/Gross SF
$1,261.97
Lease Type
Absolute Net
Rent Per Square Feet
$78.87

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. Features Easy Access and Excellent Visibility near a Signalized Intersection with Daily Combined Traffic Counts Exceeding 32k Vehicles. Near
  • 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.
  • In Close Proximity to Sooner Mall - the Area's only Enclosed Regional Shopping Center, boasting a variety of more than 76 Retail Stores, Dining Options, and Entertainment with four Major Department Store Anchors.
  • Down the Street 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 within a 1-Mile Radius and over 123k 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.
  • Near Numerous National Retailers including Walmart Supercenter, Lowe's, Best Buy, Hobby Lobby, ALDI, The Home Depot, Sam's Club, Ross Dress for Less, Burlington, PetSmart and many more. Minutes from 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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