HTeaO | New 15 Yr Abs NNN 4917 Colleyville Blvd

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, drive-thru equipped, HTeaO investment property located in Colleyville, Texas (Dallas-Fort Worth MSA). The tenant, Double Tea II, LLC, recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor in an income tax free state. HTeaO is a growing and popular beverage company with over 125 locations. The site features brand-new construction with state-of-the-art amenities and a modern design. The franchisee currently operates 3 locations.