HTeaO | 1280 N Tyler Rd
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HTeaO 1280 N Tyler Rd
2,128 SF Retail Building Wichita, KS 67212 £1,489,595 (£700/SF) 5.60% Net Initial Yield
Executive Summary
NN+ Lease Structure: The property operates on a NN+ lease structure with over ±6.5 Years remaining, offering a passive investment opportunity. The landlords only responsibility is to the roof and structural portions of the newly built site.
Newer Construction | Drive-Thru Location: The site was a build-to-suit for HTeaO. Construction finished in 2021 and features a full service double drive-thru.
Growing Brand and Operator: HTeaO is the leading quick-service iced teas distributor in the nation. The brand currently has ±150 stores open and operating with plans to reach 500 locations by the end of 2026. The operator opened their second store in Wichita in 2023 and has a third set to open late 2024 or early 2025.
Strong Rental Increase: The lease features a 10% increase to the rent every 5 years, with the next increase set to go into effect in August of 2026.
Strong Local Demographics: Located in Western Wichita, the second largest city in Kansas, the site features attractive demographics with +130,000 residents in a 5-mile radius with an average household income of +$85,000. The site sits directly off Interstate 235 (±30,000 VPD), the prominent north/south thoroughfare in western Wichita, and sits directly off campus of Wichita Northwest Highschool (±1,500 students).
Broker of Record
Kyle Matthews
License No. #CO00002672 (KS)
Newer Construction | Drive-Thru Location: The site was a build-to-suit for HTeaO. Construction finished in 2021 and features a full service double drive-thru.
Growing Brand and Operator: HTeaO is the leading quick-service iced teas distributor in the nation. The brand currently has ±150 stores open and operating with plans to reach 500 locations by the end of 2026. The operator opened their second store in Wichita in 2023 and has a third set to open late 2024 or early 2025.
Strong Rental Increase: The lease features a 10% increase to the rent every 5 years, with the next increase set to go into effect in August of 2026.
Strong Local Demographics: Located in Western Wichita, the second largest city in Kansas, the site features attractive demographics with +130,000 residents in a 5-mile radius with an average household income of +$85,000. The site sits directly off Interstate 235 (±30,000 VPD), the prominent north/south thoroughfare in western Wichita, and sits directly off campus of Wichita Northwest Highschool (±1,500 students).
Broker of Record
Kyle Matthews
License No. #CO00002672 (KS)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,128 SF
Building Class
C
Year Built
2021
Price
£1,489,595
Price Per SF
£700
Net Initial Yield
5.60%
NOI
£83,417
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Land Acres
0.60 AC
Zoning
LC - Local Commercial
Parking
19 Spaces (8.93 Spaces per 1,000 SF Leased)
Frontage
188 ft on N Tyler Rd
Amenities
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £106,150 | |
| Land Assessment | £17,778 | Total Assessment | £123,928 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£17,778
Improvements Assessment
£106,150
Total Assessment
£123,928
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Patrick Forkin -
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HTeaO | 1280 N Tyler Rd
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