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HTEAO w/ DUAL DR-THRU | 15 YEAR ABSOLUTE NET 1400 NW 23rd St

2,527 SF 4-Star Retail Building Oklahoma City, OK 73106 £1,502,304 (£595/SF) 6.25% Net Initial Yield

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

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,527 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2022
Price
£1,502,304
Price Per SF
£595
Net Initial Yield
6.25%
NOI
£93,894
Tenancy
Single
Number of Floors
1
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
129 ft on Northwest 23rd Street

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
  • -
  • NNN
  • Mar 2040
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
HTeaO Retailer 2,527 SF - NNN Mar 2040

Links

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Walk Score ®
Walker's Paradise (90)
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What is a Walk Score®
, Transit Score® & Bike Score?
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of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Simmons Bank
Pho Hoa
Rent-A-Center
Chase Bank
Homeland
VASA Fitness
Gold's Gym
Mazzio's
Dutch Bros
Anytime Fitness

PROPERTY TAXES

Parcel Number 045001026 Improvements Assessment £44,997
Land Assessment £25,369 Total Assessment £70,366

PROPERTY TAXES

Parcel Number
045001026
Land Assessment
£25,369
Improvements Assessment
£44,997
Total Assessment
£70,366
(972) 755-5200

Contact

  • Listing ID: 33744001

  • Date on Market: 04/11/2024

  • Last Updated:

  • Address: 1400 NW 23rd St, Oklahoma City, OK 73106

The Retail Property at 1400 NW 23rd St, Oklahoma City, OK 73106 is currently available for sale. Contact Marcus & Millichap for more information.

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HTEAO w/ DUAL DR-THRU | 15 YEAR ABSOLUTE NET | 1400 NW 23rd St
(972) 755-5200 x

HTEAO w/ DUAL DR-THRU | 15 YEAR ABSOLUTE NET | 1400 NW 23rd St

Timothy Speck

(972) 755-5200

(972) 755-5200

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