HTeaO w/ Dual Drive-Thru | Lawton, OK

HTeaO at 3323 NW Cache Road is a 2,546 SF single-tenant quick-service restaurant investment in Lawton, Oklahoma. Built in 2024 on approximately 0.69 acres, the property includes a dual drive-thru and is 100% occupied by an HTeaO franchisee.

The offering is priced at $1,777,777, or approximately $698.26 per square foot, based on first-year annual rent and NOI of $120,000 and a 6.75% cap rate. The lease is structured as a 15-year absolute net lease, with the tenant responsible for the roof and structure, taxes, utilities and insurance. Rent commenced on an estimated Q1 2025 schedule and increases 1.5% annually through the initial term. Five five-year renewal options include CPI adjustments subject to stated floors and caps.

The property fronts NW Cache Road, where broker materials report approximately 34,665 vehicles per day, near NW 38th Street, which carries approximately 15,955 vehicles per day. Nearby retailers and demand drivers include Walmart Supercenter, Sam's Club, Lowe's, The Home Depot, ALDI, Fort Sill, Cameron University and Comanche County Memorial Hospital. The broker's demographic study reports more than 85,000 residents within five miles.

HTeaO was founded in 2009 and is headquartered in Fort Worth, Texas. Buyers should independently verify lease terms, rent commencement, acreage, building area, traffic counts, tenant and guarantor information, zoning and all other property details.