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)