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HTeaO- The Village & Bartlesville, OK 2 Retail Properties Offered at $4,050,000 in Multiple Locations
EXECUTIVE SUMMARY
Two property portfolio sale!
• National Tenant- HTeaO
• $4,050,000
• NOI $253,750
• 6.3% Cap Rate
• 15-year NNN leases with extensions.
Opportunity to acquire property located at 10805 N May Avenue, The Village, Oklahoma & 2448 SE Washington Blvd, Bartlesville, Oklahoma. Excellent visibility, Beautiful and meticulously maintained properties with plentiful parking built in 2020 & 2023.
NEW 15-year NNN lease with HTeaO.
August 1st, 2024, to July 31st, 2039, with 5x five-year extension options.
The Village
• $2,050,000
• NOI $127,500.00
Bartlesville
• $2,000,000
• NOI $126,250.00
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.
• National Tenant- HTeaO
• $4,050,000
• NOI $253,750
• 6.3% Cap Rate
• 15-year NNN leases with extensions.
Opportunity to acquire property located at 10805 N May Avenue, The Village, Oklahoma & 2448 SE Washington Blvd, Bartlesville, Oklahoma. Excellent visibility, Beautiful and meticulously maintained properties with plentiful parking built in 2020 & 2023.
NEW 15-year NNN lease with HTeaO.
August 1st, 2024, to July 31st, 2039, with 5x five-year extension options.
The Village
• $2,050,000
• NOI $127,500.00
Bartlesville
• $2,000,000
• NOI $126,250.00
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
| Price | $4,050,000 | Number of Properties | 2 |
| Price / SF | $890.70 / SF | Individually For Sale | 2 |
| Cap Rate | 6.27% | Total Building Size | 4,547 SF |
| Sale Type | Investment NNN | Total Land Area | 1.38 AC |
| Status | Active |
| Price | $4,050,000 |
| Price / SF | $890.70 / SF |
| Cap Rate | 6.27% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 4,547 SF |
| Total Land Area | 1.38 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 2448 SE Washington Blvd, Bartlesville, OK 74006 | Retail | 2,547 SF | 2023 | $2,000,000 |
| 10805 N May Ave, Oklahoma City, OK 73120 | Retail | 2,000 SF | 2020 | $2,050,000 |
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HTeaO- The Village & Bartlesville, OK
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