Tropical Smoothie Cafe

175 East Oak Street, Conway, AR 72032

$2,083,333

Cap Rate 6.00%

Views: 102 DOM: 218 Updated: 08.10.24 Posted: 02.11.24 Status: Active

Summary

Price $2,083,333	Built/Renov 2021	Tenant Tropical Smoothie Cafe
Cap Rate 6.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 1,558	Lease Start 03-01-2023	#Units 107
Price/SF $1,337.18	Expiration 02-28-2038	Tenant Type Fast Casual/Rest.
NOI $125,000	R. Term 13.5	Ownership Fee Simple
Rent/SF $80.23	Increases 10.0%/4/yrs	Pop 5Mi 73,838
Lot/AC 0.50	Options 3/4yrs/10%	AHHI 5Mi $77,923

Lease Highlights

Tropical Smoothie Cafe has 14 years remaining on the current lease term with 3 (5-year) options to extend
The lease features 10% rental increases every 5 years throughout the initial term and each option period
Absolute NNN | Zero landlord responsibilities
Lease guaranteed by DYNE Hospitality Group

Location Description

Tropical Smoothie Cafe is strategically located at the intersection of E Oak Street and 2nd Ave, with access to a combined daily traffic count of 30,664 vehicles. The property's advantageous location is further enhanced by its adjacency to a Kroger-anchored grocery center and its direct proximity across from the Faulkner Plaza Shopping Center, which features prominent national retailers such...

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Key Features

Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Freeway close
Top 100 MSA
Absolute NNN
Long 10+ yr lease
100+ unit franchisee backed
Personal guarantee

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Links

Tropical Smoothie Cafe Wikipedia Tropical Smoothie Cafe Wikipedia Conway, Arkansas Zip Code 72032 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Tropical Smoothie Cafe
Guarantor:Franchisee
Company:DYNE Hospitality Group
# Units:107
Stock:Private

About Tenant

Tropical Smoothie Cafe, also referred to as Tropical Smoothie or Tropical is a restaurant franchise in the United States. Their fast-casual cafes are known for their various assortments of healthy...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	4,526	44,843	75,453
2023 Total Population :	4,483	43,885	73,838
2023 Employed Civilian Pop :	1,913	20,508	36,535
2023 Total Businesses :	879	2,296	2,760
2023 Average Household Income :	$ 44,470	$ 67,130	$ 77,923
2023 Total Consumer Spending :	$ 64 M	$ 1006 M	$ 1991 M
2023 Median Age :	29	30	32
2023 Total Households :	1,646	17,144	29,331
2023 Pop Age 25+: Bachelor's Degree :	305	5,600	11,112
2023 Average Home Value :	$ 135,759	$ 231,574	$ 250,949

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
East Oak Street	Faulkner Plz	2021	24,000	0.03 mi
E Oak St	4th Ave	2009	28,380	0.11 mi
Oak St	Gum St	2010	30,000	0.15 mi
1st Avenue	2nd St	2021	2,000	0.18 mi
40	E Oak St	2021	6,600	0.19 mi
40	E Oak St	2021	8,000	0.28 mi
E Oak St	I- 40	2009	26,100	0.28 mi
3rd Avenue	2nd St	2021	700	0.29 mi
40	8th Ave	2021	6,300	0.31 mi
40		2020	6,700	0.31 mi

Listing Broker

Tony Anderson

CBRE: NLPG South Bay

Contact

25 Listings
2715 Views
6 Sold

Kent Presson

CBRE: NLPG South Bay

Contact

25 Listings
2715 Views
6 Sold

Tony Anderson

As a Senior Vice President at CBRE, Tony serves as an advisor for many Corporate Real Estate entities including Developers, Family Offices, Private Equity Sponsors, Founder/Family Owned Companies and Franchisees on their real estate while also raising capital for various projects. He has underwritten and transacted for some of the largest global companies with aggregate deal volume exceeding $1.5 billion in the Retail, Industrial, Medical Office and Special Use spaces.

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Kent Presson

Senior Transaction Manager for the Anderson-Brehaut Net Lease Advisory Group based out of CBRE's South Bay office located in El Segundo, CA.

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Richard Brehaut

CBRE: NLPG South Bay

Contact

25 Listings
2715 Views
6 Sold

Richard Brehaut

Richard Brehaut is a Senior Vice President with CBRE’s Net Lease Property Group. Mr. Brehaut’s focus is to advise developers, family offices, private investors, REITs, private equity firms, and franchisees regarding all facets of net-leased properties. Mr. Brehaut specializes in transacting single-tenant and multi-tenant assets, national net-lease portfolios, and structuring sale-leasebacks for some of the largest global companies in the Retail, Industrial, Medical Office and Special Use sector

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