Yukon, OK - HTeaO
$1,951,000
1000 Garth Brooks Boulevard, Yukon, OK 73099
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 Yukon, Oklahoma. The tenant, HTeaO has 17 years reamining on the intial 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 is located near the signalized, hard-corner intersection of Garth Brooks Blvd and W Vandament Ave, which has a combined traffic count of approximately 33,500 VPD. The site benefits from its close proximity to Interstate 40, and Highway 66 two major thoroughfares that see 65,900 and 23,100 vehicles per day.
The HTeaO is adjacent to a Walmart Supercenter anchored center that features national and credit tenants, including McDonald’s, Dollar Tree, AutoZone, and more. The asset is also near Chisholm Shopping Center, a Sprouts Farmers Market anchored center. The property is situated in the center of a primary retail corridor, with additional nearby national and credit tenants including Target, Hobby Lobby, PetSmart,Aldi, Starbuck, Lowe, Dutch bros, Chick-fil-A, Crumbl, Kirkland’s, and more, further increasing consumer traffic to the site. The city of Yukon is one of the fastest-growing suburbs, 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 72,000 and 20,000 employees with an average household income of $101,306.
Location
Gallery
