TROPICAL SMOOTHIE CAFE

INVESTMENT 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 – Four (4) separate personal guarantees from multi-unit operators with significant personal guarantee. Operator financials provided upon request
• Freestanding Drive-thru Location – Frontage on AZ State Route-92 (25,000+ VPD) the main thoroughfare and busiest retail corridor in Sierra Vista. The Culver’s adjacent to Subject Property recently extended their drive-thru lane and added additional parking on the north side of their property to accommodate large customer count.
• Popular Retail Corridor – Subject Property is located near the corner of S. Hwy-92 & Fry Boulevard, the major retail corridor in Sierra Vista. Nearby retailers include: Target, Fry’s Grocery, Walmart Supercenter, Lowe’s Home Improvement, Food City, Big Lots, Hobby Lobby, Ross Dress for Less, Marshall’s, C-A-L Ranch, Dutch Bros, Buffalo Wild Wings, Taco Bell, and more
• Prime Location – Sierra Vista is home to Fort Huachuca, a joint services installation training over 9,000 students per year, established in 1877. At any given time, there are over 5,600 military personnel, 8,000 civilians and over 11,000 family members.
• Strong Demographics – Subject Property is located in densely populated retail corridor with over 48,500+ population and $633.3M total consumer spending within a 5-mile radius. Average household income is over $86,000. Sierra Vista is projected to see a double-digit increase in households over the next 3 years.
• Tenant Future Expansion – Tropical Smoothie Café currently operates over 1,150+ Cafes in 44 states throughout the U.S. and is on track to exceed 2,000+ locations by 2024.
• Best In Business – 2023 marked the 12th consecutive year of positive same-store sales for Tropical Smoothie Café, who was ranked the #1 Smoothie / Juice category by Entrepreneur Franchisee 500 for the 4th year in a row.