TROPICAL SMOOTHIE & COOKIE PLUG

INVESTMENT HIGHLIGHTS

• 15-Year absolute NNN lease with zero landlord responsibilities.
• 7.5% Rental increases every 5-years for the life of the lease.
• Brand new 2024 remodel for Tropical Smoothie & Cookie Plug.
• Single tenant building with a franchisee that is operating two concepts out of this location.
• Located directly across from Alabama’s busiest Chick-Fil-A.
• Several national retailers including Walmart Neighborhood Market, Publix, Hobby Lobby, Harbor Freight and many more.
• 0.3-Miles from Northport Medical Center which sees more than 600,000 patient visits annually.
• Situated near a high-traffic intersection with 84,000 vehicles per day.
• 5-Mile population of 121,744 residents.
• Tropical Smoothie Cafe has 1,150 franchised locations and an average unit volume of $1.25M annually.
• Cookie Plug franchise averages $750,000 in annual unit volume.
• Multi-unit franchisee (9 locations) and plans to continue their expansion.
• Personal guaranty on the lease from Craig Scott.
• 2.5 miles from the University of Alabama campus.
• Northport is part of the Tuscaloosa MSA and has an estimated 268,674 residents (not including the student body population).