HTEAO w/ DUAL DR-THRU | 15 YEAR ABSOLUTE NET | 1400 NW 23rd St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
HTEAO w/ DUAL DR-THRU | 15 YEAR ABSOLUTE NET 1400 NW 23rd St
2,527 SF 4-Star Retail Building Oklahoma City, OK 73106 $1,920,000 ($760/SF) 6.25% Cap Rate
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.
- Largest Franchisee in HTeaO System - HTeaO is the Largest and Fastest Growing Iced Tea Operator in the Quick Serve Restaurant Space.
- Adjacent to Oklahoma City University - a Private University known for its Strong Performing Arts, Law, and Business Programs.
- Brand New Construction w/ Dual Drive-Thru. Positioned Along Area’s Major Retail and Traffic Corridor. Hard Corner Location.
- Strong Daytime Employment Area - Near Numerous Established Business Parks, Office Spaces, Distribution Centers, Industrial & Manufacturing Plants, etc
- Near Downtown Oklahoma City - Home to Paycom Center (Oklahoma City’s Thunder NBA Team), Variety of Museums, Theaters, Music Venues, & Restaurants, etc
Executive Summary
Oklahoma Broker of Record: Tim Speck | 629 W. Main Street, Ste. 107 Oklahoma City, OK 73102 | Lic #: 149994 | P: (972) 755-5250 | Tim.Speck@MarcusMillichap.com
Growing & Popular QSR Brand | Largest Franchisee in the Chain | Strong Demographics | Brand New Construction | 1.5% Annual Rental Increases
Growing & Popular QSR Brand | Largest Franchisee in the Chain | Strong Demographics | Brand New Construction | 1.5% Annual Rental Increases
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,527 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
$1,920,000
Price Per SF
$760
Cap Rate
6.25%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.45 AC
Zoning
C-3 - Community Commercial District
Parking
20 Spaces (7.91 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Drive Thru
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- HTeaO
- Retailer
- 2,527 SF
- -
- Triple Net
- Mar 2040
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| HTeaO | Retailer | 2,527 SF | - | Triple Net | Mar 2040 |
Walk Score ®
Walker's Paradise (90)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 045001026 | Improvements Assessment | $57,508 |
| Land Assessment | $32,422 | Total Assessment | $89,930 |
PROPERTY TAXES
Parcel Number
045001026
Land Assessment
$32,422
Improvements Assessment
$57,508
Total Assessment
$89,930
Learn More About Investing in Retail Properties
1 of 9
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
HTEAO w/ DUAL DR-THRU | 15 YEAR ABSOLUTE NET | 1400 NW 23rd St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.