1004 N Boomer Rd - Restaurant FOR SALE


Stillwater, OK 74075
$1,999,999 USD
405-365-6990
1004 N Boomer Rd, Stillwater, OK for Sale
$1,999,999 USD
Restaurant - FOR SALE
1/13
null | 6.6% Cap Rate

1004 N Boomer Rd
Stillwater, OK 74075


OVERVIEW

Opportunity to acquire property located at 1004 N Boomer Rd, Stillwater, Oklahoma. Excellent visibility on main street with easy access to highway 51. Beautiful and meticulously maintained property with plentiful parking. 10-year initial NNN lease with HTeaO. May 1st, 2022, to April 30th, 2032, with 4x five-year extension options. Year 5 NOI: $131,935.12. Founded in 2009, TX-based HTeaO is the largest iced tea franchisor in the United States. The stores offer both in-store and drive-through drink options, including more than 26 flavors of sweetened and unsweetened iced tea, plus a coffee menu and filtered water. The company launched its first franchised location in 2018 in Midland, TX. To date, HTeaO has opened 140 locations with 50 more under construction, and has awarded 426 franchise licenses. HTeaO is present in Florida, Kansas, New Mexico, Oklahoma, and Texas. In January 2023, the company announced that Crux Capital and Trive Capital, two Dallas-based private equity firms, acquired a minority stake in HTeaO. The partnership positions HTeaO to accelerate geographic expansion, attract key talent and employ innovative technology to improve quality of service while enhancing the customer experience.

FOR SALE DETAILS

PRICE

$1,999,999 USD

PRICE/SF

$713 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 SF

ZONING

CG-

APN/PARCEL ID

600012528

ASK ABOUT THIS PROPERTY

Corey HaleSkybridge Real EstateMore Info
405-365-6990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Corey HaleSkybridge Real EstateMore Info
405-365-6990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.