Smoothie Factory (GL)

8517 Davis Blvd, North Richland Hills, TX 76182

$2,500,000

Cap Rate 5.00%

Views: 175 DOM: 585 Updated: 10.06.24 Posted: 05.16.23 Status: Active

Summary

Price $2,500,000	Built/Renov 2016/2023	Tenant Smoothie Factory (GL)
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 2,800	Lease Start 09-01-2023	#Units 20
Price/SF $892.86	Expiration 08-31-2038	Tenant Type Fast Food/QSR
NOI $125,000	R. Term 13.8	Ownership Ground Lease
Rent/SF $44.64	Increases 10.0%/5/yrs	Pop 5Mi 228,163
Lot/AC 1.69	Options 3/5yrs/10%	AHHI 5Mi $163,269

Lease Highlights

Brand-new 2023 remodel
New 15-year ground lease with 3 (5-year) options to extend
The lease features a 25% rental increase in year 2, and 10% rental increases every 5 years
Absolute NNN lease | Zero landlord responsibilities
Lease is corporate guaranteed

Location Description

Smoothie Factory recently underwent a full remodel and features their latest Flagship Café prototype. The 2,800 SF facility is located on Davis Blvd which sees over 23,700 VPD and is positioned in a major retail area with tenants including Walmart Supercenter, Target, ALDI, Chick-fil-A, LA Fitness, and McDonald’s, and many more. The 5-mile trade area is supported by a dense population...

...

Key Features

New prototype
Recent renovation
Near major nationals
Dense 200M+ pop 5 mi
Affluent AHHI $100K 5 Mi
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee

...

Links

Smoothie Factory Wikipedia North Richland Hills, Texas Zip Code 76182 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Smoothie Factory
Guarantor:Corporate
Company:Smoothie Holdings, LLC
# Units:20
Stock:Private

About Tenant

Smoothie Holdings, LLC (dba Smoothie Factory Juice Bar) is a premier health and wellness cafe serving 100% natural smoothies, ice filtered and pressed fresh to order juices, and more. Founded in...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	8,248	74,094	226,775
2023 Total Population :	8,227	75,194	227,929
2023 Employed Civilian Pop :	3,921	39,244	121,156
2023 Total Businesses :	418	2,925	9,533
2023 Average Household Income :	$ 242,553	$ 200,885	$ 165,134
2023 Total Consumer Spending :	$ 550 M	$ 4372 M	$ 11348 M
2023 Median Age :	44	45	42
2023 Total Households :	2,749	26,141	81,454
2023 Pop Age 25+: Bachelor's Degree :	2,607	21,772	56,906
2023 Average Home Value :	$ 587,159	$ 501,634	$ 462,740

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Shady Grove Rd	High Point Ct	2009	5,670	0.16 mi
Davis Boulevard	Precinct Line Rd	2020	20,450	0.25 mi
N Tarrant Pkwy	Davis Blvd	2010	18,010	0.29 mi
Davis Blvd	N Tarrant Pkwy	2010	26,689	0.31 mi
N Tarrant Pkwy	Davis Blvd	2012	14,147	0.31 mi
Precinct Line Rd	W McDonwell School Rd	2012	16,074	0.32 mi
Precinct Line Rd	Davis Blvd	2012	25,295	0.33 mi
Precinct Line Rd	Murphy Rd	2009	13,610	0.33 mi
Davis Blvd	Bandit Trl	2012	30,167	0.43 mi
W McDonwell School Rd	Herbert St	2012	9,334	0.52 mi

Listing Broker

Jereme Snyder

Colliers NNN Group

Contact

168 Listings
23573 Views
59 Sold

Eric Carlton

Colliers NNN Group

Contact

180 Listings
25352 Views
63 Sold

Jereme Snyder

Jereme S. Snyder is a Executive Vice President within the Retail Services Group in Greater Los Angeles and a Director of Colliers NNN Group for Colliers International nationwide. The Colliers Retail Services Team is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting in debt solutions. Colliers NNN Group is a national

...

Eric Carlton

Eric Carlton serves as Executive Vice President within the Retail Capital Markets Group of Greater Los Angeles, Partner of the Colliers NNN Group, and Co-Founder of the Snyder/Carlton Team for Colliers International nationwide. The Colliers Retail Services Group is an integrated team of professionals with specialties in representing landlords and tenants with leasing needs, managing the acquisitions and dispositions of retail properties, enhancing values through asset management and assisting i

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT