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Restaurant

Tropical Smoothie Cafe | Dallas-Fort Worth MSA | 15 Year Absolute Net Sale Leaseback | Pad to Kroger

1004 E Hebron Pkwy, Carrollton (DFW Metro), TX 75010

Listing Price: $2,415,790

Cap Rate
4.75%
Tenant Name
Tropical Smoothie Cafe
Years Remaining On Lease
15.0
Gross SF
1,190
Guarantor
Franchisee Guarantee
Rentable SF
1,190
Price/Gross SF
$2,030.08
Lease Type
Absolute Net
Rent Per Square Feet
$96.43

Investment Overview

Located in the heart of the Dallas-Fort Worth area, the City of Carrollton is a vibrant corporate and residential community. The City’s location and business cost advantages attract and support a diverse local economy with over 9,000 businesses calling Carrollton home. Residents are drawn to the City for its high quality of life, abundant parks, schools and safe neighborhoods. The Dallas–Fort Worth metroplex, officially designated Dallas–Fort Worth–Arlington by the U.S. Office of Management and Budget, is a conurbated metropolitan statistical area in the U.S. state of Texas encompassing 11 counties. It is the economic and cultural hub of North Texas. Residents of the area also refer to it as DFW (airport code), or the Metroplex. The Dallas–Fort Worth–Arlington metropolitan statistical area’s population was 7,573,136 according to the U.S. Census Bureau’s 2019 population estimates, making it the most populous metropolitan area in both Texas and the Southern United States, the fourth-largest in the U.S., and the tenth-largest in the Americas. In 2016, the Dallas–Fort Worth metroplex ascended to the number one spot in the U.S. in year-over-year population growth.

Investment Highlights

  • 15 Year Absolute Net Sale Leaseback Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. This Location Features a Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility near a Major Signalized Intersection with Daily Combined Traffic Counts Exceeding 58k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $124k within a 1-Mile Radius and over 321k People Residing within a 5-Mile Radius.
  • Outparcel to a Kroger Anchored Power Center and in Close Proximity to Numerous National Retailers Including Walmart Neighborhood Market, Kohl's, CVS and many more.
  • Near Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • Minutes from the new Castle Hills Development - which has over 4,500 Single Family Homes and 4,000 Multi-Family Homes Planned Upon Full Build-out.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s) TX: 0606255

    Texas

Financing By

Restaurant

Tropical Smoothie Cafe | Dallas-Fort Worth MSA | 15 Year Absolute Net Sale Leaseback | Pad to Kroger

Listing Price: $2,415,790

Cap Rate
4.75%
Tenant Name
Tropical Smoothie Cafe
Years Remaining On Lease
15.0
Gross SF
1,190
Guarantor
Franchisee Guarantee
Rentable SF
1,190
Price/Gross SF
$2,030.08
Lease Type
Absolute Net
Rent Per Square Feet
$96.43

Investment Highlights

  • 15 Year Absolute Net Sale Leaseback Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. This Location Features a Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility near a Major Signalized Intersection with Daily Combined Traffic Counts Exceeding 58k Vehicles.
  • Densely Populated and Affluent Area: Features an Average Household Income of more than $124k within a 1-Mile Radius and over 321k People Residing within a 5-Mile Radius.
  • Outparcel to a Kroger Anchored Power Center and in Close Proximity to Numerous National Retailers Including Walmart Neighborhood Market, Kohl's, CVS and many more.
  • Near Numerous Schools, providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.
  • Minutes from the new Castle Hills Development - which has over 4,500 Single Family Homes and 4,000 Multi-Family Homes Planned Upon Full Build-out.

Investment Overview

Located in the heart of the Dallas-Fort Worth area, the City of Carrollton is a vibrant corporate and residential community. The City’s location and business cost advantages attract and support a diverse local economy with over 9,000 businesses calling Carrollton home. Residents are drawn to the City for its high quality of life, abundant parks, schools and safe neighborhoods. The Dallas–Fort Worth metroplex, officially designated Dallas–Fort Worth–Arlington by the U.S. Office of Management and Budget, is a conurbated metropolitan statistical area in the U.S. state of Texas encompassing 11 counties. It is the economic and cultural hub of North Texas. Residents of the area also refer to it as DFW (airport code), or the Metroplex. The Dallas–Fort Worth–Arlington metropolitan statistical area’s population was 7,573,136 according to the U.S. Census Bureau’s 2019 population estimates, making it the most populous metropolitan area in both Texas and the Southern United States, the fourth-largest in the U.S., and the tenth-largest in the Americas. In 2016, the Dallas–Fort Worth metroplex ascended to the number one spot in the U.S. in year-over-year population growth.

Exclusively Listed By

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3184

    Email Alvin

    License(s): CA: 01391653, TX: 0606255

    San Diego

Broker of Record

  • Alvin N. Mansour

    Executive Managing Director Investments

    (858) 373-3100

    License(s): TX: 0606255

    Texas

Financing By

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