Tropical Smoothie Cafe

1,600 SF | Retail Building | Tucson, AZ 85710 | $2,083,333 ($1,302/SF) | 6% Cap Rate

Asking Price $2,083,333

Property Type: Retail
Square Feet: 1,600 SF
Price / Square Foot: $1,302

Listing Contacts

Cade Southerland

Verified Profile

Alex DeSoto

Verified Profile

Property Info

Property Overview

Broker of Record
Simon Assaf
License No. CO701910000 (AZ)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
4110 N Scottsdale Rd Suite 100,
Scottsdale, AZ 85251

Property Details

Class: B
Year Built: 2023
Stories: 1
Property Subtype: Storefront
Lot Size (sq. ft): 22,216 SF

Highlights

Brand New Construction – 12-year Absolute Triple-Net (NNN) Lease with 10% rental increases every 5-years, and two, 5-year renewal options.
Strong Lease Guarantor – Two (2) separate personal guarantees from multi-unit operators with significant personal guarantee.
Freestanding Drive-thru Location – Full circulation ingress/egress from Broadway Boulevard and Kolb Road.
Strong Retail Corridor – Subject Property is located in a densely populated retail corridor with 242,000+ population and $68,000 average household.
2023 marked the 12th consecutive year of positive same-store sales for Tropical Smoothie Café, who was ranked the #1 Smoothie / Juice.

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