2448 SE Washington Blvd - Retail FOR SALE


Bartlesville, OK 74006
$2,175,000 USD
405-365-6990
2448 SE Washington Blvd, Bartlesville, OK for Sale
$2,175,000 USD
Retail - FOR SALE
1/8
null | 5.75% Cap Rate

2448 SE Washington Blvd
Bartlesville, OK 74006


OVERVIEW

Opportunity to acquire property located at 2448 SE Washington Blvd in Bartlesville, Oklahoma. Excellent visibility with easy access to highway US-75. Beautiful and meticulously maintained property with plentiful parking built in 2023. NEW 15-year NNN lease with HTeaO. September 1st, 2024, to July 31st, 2039, with 5x five-year extension options. Year 1 NOI: $125,000. 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 68 locations with 93 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

$2,175,000 USD

PRICE/SF

$940 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

-

APN/PARCEL ID

010999-212613-003000-02

ASK ABOUT THIS PROPERTY

Corey HaleSkybridge Real EstateMore Info
405-365-6990

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Corey HaleSkybridge Real EstateMore Info
405-365-6990

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