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Restaurant

HTeaO

2223 N Main St, Las Cruces, NM 88001

Listing Price: $1,717,300

Cap Rate
6.35%
Tenant Name
HTEA Opco, LLC (HTeaO)
Years Remaining On Lease
8.8
Gross SF
2,000
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Price/Gross SF
$858.65
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.52

Investment Overview

HTeaO is a Texas-based Drive-Thru Iced Tea concept founded in Amarillo, Texas in 2009. HTeaO primarily serves Sweet and Unsweet Iced Tea with 27 unique flavors. With over 140 locations and rapid nationwide expansion, HTeaO has proven its strength as a scalable and in-demand iced tea franchise.

Las Cruces is the second-most populous city in New Mexico and serves as the county seat of Doña Ana County. The city is home to an estimated 111,385 residents. Las Cruces is a thriving city surrounded by picturesque desert and conveniently located less than an hour from El Paso International Airport.

Investment Highlights

  • Over Eight Years Remaining on Triple-Net (NNN) Lease - Multi-Unit HTeaO Franchisee
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Largest Iced Tea Franchise in the United States - 140 Locations with 300 in Development
  • New 2024 High-Quality Construction with a Drive-Thru
  • Over 125,500 Residents in a Five-Mile Radius, Daytime Population of About150,000
  • Immediate Proximity to the 97,000 Square Foot Three Crosses Regional Hospital, Recently Opened in 2020, and a 65,000 Square Foot Medical Office Building - These Buildings Anchor a 110-Acre Mixed-Use Development that will Include Retail, Residential, and Office Space

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Financing By

Listing Price: $1,717,300

Cap Rate
6.35%
Tenant Name
HTEA Opco, LLC (HTeaO)
Years Remaining On Lease
8.8
Gross SF
2,000
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Price/Gross SF
$858.65
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$54.52

Investment Highlights

  • Over Eight Years Remaining on Triple-Net (NNN) Lease - Multi-Unit HTeaO Franchisee
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Largest Iced Tea Franchise in the United States - 140 Locations with 300 in Development
  • New 2024 High-Quality Construction with a Drive-Thru
  • Over 125,500 Residents in a Five-Mile Radius, Daytime Population of About150,000
  • Immediate Proximity to the 97,000 Square Foot Three Crosses Regional Hospital, Recently Opened in 2020, and a 65,000 Square Foot Medical Office Building - These Buildings Anchor a 110-Acre Mixed-Use Development that will Include Retail, Residential, and Office Space

Investment Overview

HTeaO is a Texas-based Drive-Thru Iced Tea concept founded in Amarillo, Texas in 2009. HTeaO primarily serves Sweet and Unsweet Iced Tea with 27 unique flavors. With over 140 locations and rapid nationwide expansion, HTeaO has proven its strength as a scalable and in-demand iced tea franchise. Las Cruces is the second-most populous city in New Mexico and serves as the county seat of Doña Ana County. The city is home to an estimated 111,385 residents. Las Cruces is a thriving city surrounded by picturesque desert and conveniently located less than an hour from El Paso International Airport.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

Financing By

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