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Restaurant

Tropical Smoothie Cafe | Jacksonville | 15 Year Absolute Net Sale Leaseback | 2022 Construction

1290 Dunn Ave, Jacksonville, FL 32218

Listing Price: $2,785,558

Cap Rate
4.75%
Tenant Name
Tropical Smoothie Cafe
Years Remaining On Lease
15.1
Gross SF
1,678
Guarantor
Franchisee Guarantee
Rentable SF
1,678
Price/Gross SF
$1,660.05
Lease Type
Absolute Net
Rent Per Square Feet
$78.85

Investment Overview

Jacksonville is a city located on the Atlantic coast of Florida, the most populous city in the state, and is the largest city by area in the contiguous United States as of 2020. The City’s population is 949,611, making it the 12th most populous city in the U.S., the most populous city in the Southeast, and the most populous city in the South outside of the state of Texas.With a population of 1,733,937, the Jacksonville metropolitan area ranks as Florida’s fourth-largest metropolitan region. Harbor improvements since the late 19th century have made Jacksonville a major military and civilian deep-water port. Its riverine location facilitates Naval Station Mayport, Naval Air Station Jacksonville, the U.S. Marine Corps Blount Island Command, and the Port of Jacksonville, Florida’s third largest seaport. Jacksonville’s military bases and the nearby Naval Submarine Base Kings Bay form the third largest military presence in the United States.Significant factors in the local economy include services such as banking, insurance, healthcare and logistics. As with much of Florida, tourism is important to the Jacksonville area, particularly tourism related to golf. People from Jacksonville are sometimes called “Jacksonvillians” or “Jaxsons” (also spelled “Jaxons”).

Investment Highlights

  • 15 Year Absolute Net Sale Leaseback Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 34k Vehicles. Near I-95 (82k+ VPD).
  • Densely Populated Jacksonville Suburb: Features more than 112k People Residing within a 5-Mile Radius.
  • In Close Proximity to Numerous National Retailers Including Sam's Club, CVS Pharmacy, Walgreens, Publix, Harbor Freight, Blink Fitness 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 Jacksonville International Airport - a Civil-Military Public Airport that has more than 7.1 Million Passengers handled Annually.

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

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Restaurant

Tropical Smoothie Cafe | Jacksonville | 15 Year Absolute Net Sale Leaseback | 2022 Construction

Listing Price: $2,785,558

Cap Rate
4.75%
Tenant Name
Tropical Smoothie Cafe
Years Remaining On Lease
15.1
Gross SF
1,678
Guarantor
Franchisee Guarantee
Rentable SF
1,678
Price/Gross SF
$1,660.05
Lease Type
Absolute Net
Rent Per Square Feet
$78.85

Investment Highlights

  • 15 Year Absolute Net Sale Leaseback Featuring 10% Rental Increases Every 5 Years throughout the Initial Term & Options. Brand New High Quality Construction w/ Drive-Thru.
  • Positioned Along Area's Major Traffic & Retail Corridor - Features Easy Access and Excellent Visibility w/ Daily Combined Traffic Counts Exceeding 34k Vehicles. Near I-95 (82k+ VPD).
  • Densely Populated Jacksonville Suburb: Features more than 112k People Residing within a 5-Mile Radius.
  • In Close Proximity to Numerous National Retailers Including Sam's Club, CVS Pharmacy, Walgreens, Publix, Harbor Freight, Blink Fitness 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 Jacksonville International Airport - a Civil-Military Public Airport that has more than 7.1 Million Passengers handled Annually.

Investment Overview

Jacksonville is a city located on the Atlantic coast of Florida, the most populous city in the state, and is the largest city by area in the contiguous United States as of 2020. The City’s population is 949,611, making it the 12th most populous city in the U.S., the most populous city in the Southeast, and the most populous city in the South outside of the state of Texas.With a population of 1,733,937, the Jacksonville metropolitan area ranks as Florida’s fourth-largest metropolitan region. Harbor improvements since the late 19th century have made Jacksonville a major military and civilian deep-water port. Its riverine location facilitates Naval Station Mayport, Naval Air Station Jacksonville, the U.S. Marine Corps Blount Island Command, and the Port of Jacksonville, Florida’s third largest seaport. Jacksonville’s military bases and the nearby Naval Submarine Base Kings Bay form the third largest military presence in the United States.Significant factors in the local economy include services such as banking, insurance, healthcare and logistics. As with much of Florida, tourism is important to the Jacksonville area, particularly tourism related to golf. People from Jacksonville are sometimes called “Jacksonvillians” or “Jaxsons” (also spelled “Jaxons”).

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

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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