2448 SE Washington Blvd
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2448 SE Washington Blvd
2,547 SF Retail Building Bartlesville, OK 74006 $3,082,889 CAD ($1,210 CAD/SF) 5.75% Cap Rate
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Building Size
2,547 SF
Building Class
B
Year Built
2023
Price
$3,082,889 CAD
Price Per SF
$1,210 CAD
Cap Rate
5.75%
NOI
$177,178 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Land Acres
0.91 AC
PROPERTY TAXES
| Parcel Number | 010999-212613-003000-02 | Improvements Assessment | $0 CAD |
| Land Assessment | $112,435 CAD | Total Assessment | $112,435 CAD |
PROPERTY TAXES
Parcel Number
010999-212613-003000-02
Land Assessment
$112,435 CAD
Improvements Assessment
$0 CAD
Total Assessment
$112,435 CAD
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Corey Hale -
Skybridge Real Estate
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2448 SE Washington Blvd
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