Mustang, OK - HTeaO
$1,951,000
719 East State Highway 152, Mustang, OK 73064
6.15
Cap Rate
120,000
NOI
Details:
Description:
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, HTeaO investment property located in Mustang, Oklahoma. The tenant, HTeaO has 17 years remaining on the initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a investor.
The HTeaO benefits from excellent frontage visibility along East Highway 152, a major thoroughfare which sees approximately over 25,000 vehicles per day. The HTeaO is adjacent to a Lowe’s Home Improvement anchored center that features national and credit tenants, including Taco Bell, Zaxby’s, Buffalo Wild Wings, and IHOP. The property is situated in the center of a primary retail corridor, with additional nearby national and credit tenants including Walmart Supercenter, Tractor Supply, Dollar General, Whataburger, Dutch Bros, Chick-fil-A, Panda Express, and more, further increasing consumer traffic to the site. The city of Mustang is a fast growing suburb, with projected annual population growth of nearly 2% through 2030, fueling demand for retail and QSR development. The 5 mile trade area is supported by a population of over 70,000 and 19,000 employees with an average household income of $113,636.
Location
Gallery
