For Sale
$1,920,000

1127 4Th St Chickasha, OK 73018

High-growth brand, 15-year NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional investment opportunity features a brand-new, 2,547 square foot HTeaO quick-service restaurant with a dual drive-thru. Located on a 0.57-acre lot at a signalized hard corner in Chickasha, Oklahoma (1127 S 4th St, 73018), this Class A property boasts excellent visibility and accessibility along a major retail corridor with over 21,000 vehicles daily. The 15.4-year absolute NNN lease with the largest HTeaO franchisee includes 1.5% annual rent bumps and CPI adjustments in the options, ensuring a stable and appreciating asset. The property benefits from its proximity to numerous national retailers (Walmart, Tractor Supply, etc.), schools (University of Science and Arts of Oklahoma, Chickasha High School), Grady Memorial Hospital, the Grady County Fairgrounds, and the Chickasha Sports Complex, creating a strong customer base. The property generated a NOI of $120,000 in 2024, resulting in a 6.25% cap rate. The asking price is $1,920,000. This is a rare opportunity to acquire a high-performing, established brand in a thriving market.

Highlights

  • 15-year absolute NNN lease with 1.5% annual rent increases and CPI adjustments in options; brand-new construction with dual drive-thru.
  • Excellent visibility and accessibility at a signalized hard corner on a major retail corridor with over 21,000 vehicles daily.
  • Leased to the largest HTeaO franchisee; HTeaO is a rapidly growing iced tea quick-service restaurant.
  • Strong surrounding retail including Walmart, Tractor Supply, and other national tenants.
  • Proximity to University of Science and Arts of Oklahoma, Chickasha High School, and other schools.
  • Located near Grady Memorial Hospital.

Property Details for 1127 4Th St

Property type
Retail properties, Restaurants
Square Feet
2,547 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
24,829 SF

Location Insight

City
Chickasha
County
Grady
State
Oklahoma
Latitude
35.0393778
Longitude
-97.9363671

FAQs

What type of property is this?
Retail property - High-growth brand, 15-year NNN lease.
Where is the retail property located?
The property is located at 1127 4Th St Chickasha, OK.
What is the asking price?
The asking price for this property is $1,920,000.
What are key features of this property?
This property features: 15-year absolute NNN lease with 1.5% annual rent increases and CPI adjustments in options; brand-new construction with dual drive-thru.; Excellent visibility and accessibility at a signalized hard corner on a major retail corridor with over 21,000 vehicles daily.; Leased to the largest HTeaO franchisee; HTeaO is a rapidly growing iced tea quick-service restaurant.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1127 4Th St
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