HteaO – Corporate Lease
2,000 SF | Retail Building | Mount Pleasant, TX 75455 | $2,083,000 ($1,042/SF) | 6% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,083,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 2,000 SF
- Price / Square Foot
- $1,042
Listing Contacts
Tim Axilrod
Verified Profile
Tayler Rose
Verified Profile
Tommy Tucker
Verified Profile
- Property Info
Property Overview
HTeaO is an absolute-NNN, corporate-leased single-tenant drive-thru asset located in the established East Texas submarket of Mount Pleasant. The tenant has a new 15-year lease through May 2039, guaranteed by corporate entity TBevCo, LLC. Built in 2024, HTeaO is 2,000 square feet with a drive-thru, providing long-term residual value. This new lease offers passive ownership with zero landlord responsibilities and 10% rent escalations every 5 years, including each of the six 5-year renewal options. Neighboring retailers include Walmart Supercenter, Aldi, Bealls, Staples, The Home Depot, Big Lots, Dollar Tree, Starbucks, Pizza Hut, McDonald's, and Chicken Express, among numerous other national credit retailers.
Property Details
- Class
- B
- Year Built
- 2024
- Stories
- 1
- Lot Size (sq. ft)
- 37,462 SF
Highlights
- Corporate-Leased HTeaO; 15-Year Absolute NNN Single-Tenant Drive- Thru Asset in the Established East Texas Submarket of Mount Pleasant, TX
- Brand New 2024 Construction with Primary Lease Term Through May 2039; 10% Escalations Every 5 Years Including Each of the Six, 5-Year Renewal Options
- HTeaO is America’s Largest Iced Tea Franchise & Ranked No. 59 on Inc. Magazine’s 5000 Regionals Southwest; Opened 100th Location in January 2024
- Shadowed by Aldi, Staples, Dollar Tree & Burke’s Outlet; Adjacent to Walmart
- Primary Retail Corridor with Over 1.1MM Square Feet of Retail in 2-Mile Radius
- Zero Landlord Responsibilities with Fee Simple Ownership
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