Property Name


GLA 2,200 SF

Percent Leased 100% Leased

Property Description

HTeaO is an absolute triple-net (NNN), corporate-leased single-tenant drive-thru asset located in the established northern Texas submarket of Wichita Falls. The tenant has signed a lease through December 2038, guaranteed by the corporate entity TBevCo, LLC. HTeaO is an ideal single-tenant asset, designed at 2,200 square feet with a drive-thru, providing long-term residual value. The lease features zero landlord responsibilities and includes 10% rent escalations every 5 years, including each of the six 5-year renewal options. The property benefits from frontage on Southwest Parkway, a highly visible two-sided pylon sign, and left-turn access. Neighboring notable retailers include Walgreens, Hobby Lobby, Tractor Supply, Wells Fargo, Whataburger, Taco Casa, Sonic, and Chicken Express, among numerous others.    
Positioned along the frontage of the well-trafficked thoroughfare of Southwest Parkway, the property benefits from traffic counts in excess of 23,536 vehicles per day. HTeaO is located less than 5 minutes south of Midwestern State University, which spans over 6,000 students across 255 acres and comprises over 70 buildings. The university offers over 49 undergraduate programs and 27 graduate programs.