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1004 N Boomer Rd
Stillwater, OK 74075
Retail Property For Sale
Executive Summary
Opportunity to acquire property located at 1004 N Boomer Rd, Stillwater, Oklahoma. Excellent visibility on main street with easy access to highway 51. Beautiful and meticulously maintained property with plentiful parking.
10-year initial NNN lease with HTeaO.
May 1st, 2022, to April 30th, 2032, with 4x five-year extension options. Year 5 NOI: $131,935.12.
Founded in 2009, TX-based HTeaO is the largest iced tea franchisor in the United States. The stores offer both in-store and drive-through drink options, including more than 26 flavors of sweetened and unsweetened iced tea, plus a coffee menu and filtered water. The company launched its first franchised location in 2018 in Midland, TX. To date, HTeaO has opened 140 locations with 50 more under construction, and has awarded 426 franchise licenses. HTeaO is present in Florida, Kansas, New Mexico, Oklahoma, and Texas. In January 2023, the company announced that Crux Capital and Trive Capital, two Dallas-based private equity firms, acquired a minority stake in HTeaO. The partnership positions HTeaO to accelerate geographic expansion, attract key talent and employ innovative technology to improve quality of service while enhancing the customer experience.
10-year initial NNN lease with HTeaO.
May 1st, 2022, to April 30th, 2032, with 4x five-year extension options. Year 5 NOI: $131,935.12.
Founded in 2009, TX-based HTeaO is the largest iced tea franchisor in the United States. The stores offer both in-store and drive-through drink options, including more than 26 flavors of sweetened and unsweetened iced tea, plus a coffee menu and filtered water. The company launched its first franchised location in 2018 in Midland, TX. To date, HTeaO has opened 140 locations with 50 more under construction, and has awarded 426 franchise licenses. HTeaO is present in Florida, Kansas, New Mexico, Oklahoma, and Texas. In January 2023, the company announced that Crux Capital and Trive Capital, two Dallas-based private equity firms, acquired a minority stake in HTeaO. The partnership positions HTeaO to accelerate geographic expansion, attract key talent and employ innovative technology to improve quality of service while enhancing the customer experience.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,805 SF
Building Class
C
Year Built/Renovated
2004/2022
Price
$1,999,999
Price Per SF
$713.01
Cap Rate
6.60%
NOI
$131,935
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.94 AC
Opportunity Zone
Yes
Zoning
CG- - General Commercial
Parking
35 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Pylon Sign
- Restaurant
- Security System
- Signage
- Drive Thru
- Air Conditioning
Property Taxes
| Parcel Number | 600012528 | Improvements Assessment | $143,911 |
| Land Assessment | $87,239 | Total Assessment | $231,150 |
Property Taxes
Parcel Number
600012528
Land Assessment
$87,239
Improvements Assessment
$143,911
Total Assessment
$231,150
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