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Restaurant

Tropical Smoothie Cafe | Little Rock MSA | Kroger Outparcel | 15 Year Absolute NNN Lease

175 E Oak St, Conway (Little Rock MSA), AR 72032

Listing Price: $2,173,913

Cap Rate
5.75%
Tenant Name
Tropical Smoothie Cafe
Years Remaining On Lease
14.8
Gross SF
1,440
Guarantor
Franchisee Guarantee
Rentable SF
1,440
Price/Gross SF
$1,509.66
Lease Type
Absolute Net
Rent Per Square Feet
$86.81

Investment Overview

Conway is a city in the U.S. state of Arkansas and the county seat of Faulkner County, located in the state's most populous Metropolitan Statistical Area, Central Arkansas. Although considered a suburb of Little Rock, Conway is unusual in that the majority of its residents do not commute out of the city to work. The city also serves as a regional shopping, educational, work, healthcare, sports, and cultural hub for Faulkner County and surrounding areas. Conway's growth can be attributed to its jobs in technology and higher education; among its largest employers being Acxiom, the University of Central Arkansas, Hendrix College, Insight Enterprises, and many technology start up companies. Conway is home to three post-secondary educational institutions, earning it the nickname "The City of Colleges". As of the 2010 census, the city proper had a total population of 58,908, making Conway the eighth-largest city in Arkansas. Central Arkansas, the Little Rock–North Little Rock–Conway, AR Metropolitan Statistical Area, is ranked 75th largest in the United States with 734,622 people in 2016. Conway is part of the larger Little Rock–North Little Rock, AR Combined Statistical Area, which in 2016 had a population of 905,847, and ranked the country's 60th largest CSA.

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 with Daily Traffic Counts Exceeding 26k Vehicles. Immediate Access to/from I-40 (58k+ VPD).
  • Booming Conway Market - Ranked by CNN Among Top 25 Cities for Job Growth, 14th Best City for Young Professionals by Forbes, 100 Leading Locations: Nearly 41% Growth Since 2000.
  • Located in Conway's Densest Retail Corridor. Outparcel to a Kroger Anchored Power Center & near Numerous other National Retailers including Walmart Supercenter, Lowe's, Kroger, Hobby Lobby, Big Lots, Tractor Supply, CVS, Walgreens and many more.
  • The Surrounding Area's Population increases during the Day, with more than 7k Daytime Employees working within one Mile of the Property.
  • Near Conway Commons - a 654k+ SF Regional Shopping Hub featuring 43+ Stores Anchored by Home Depot, Target, Kohl's, PetSmart, Best Buy, Dick's Sporting Goods and many more.
  • Close to Central Landing - a 151-Acre Mixed-Use Redevelopment that will include a $70M 339-Unit Luxury Apartment Complex and a Large Retail Center.
  • Minutes from Conway Regional Medical Center - a 150-Bed, Acute Care Medical Center providing complete Health Care services to the growing Communities of North Central Arkansas.

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

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Financing By

Restaurant

Tropical Smoothie Cafe | Little Rock MSA | Kroger Outparcel | 15 Year Absolute NNN Lease

Listing Price: $2,173,913

Cap Rate
5.75%
Tenant Name
Tropical Smoothie Cafe
Years Remaining On Lease
14.8
Gross SF
1,440
Guarantor
Franchisee Guarantee
Rentable SF
1,440
Price/Gross SF
$1,509.66
Lease Type
Absolute Net
Rent Per Square Feet
$86.81

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 with Daily Traffic Counts Exceeding 26k Vehicles. Immediate Access to/from I-40 (58k+ VPD).
  • Booming Conway Market - Ranked by CNN Among Top 25 Cities for Job Growth, 14th Best City for Young Professionals by Forbes, 100 Leading Locations: Nearly 41% Growth Since 2000.
  • Located in Conway's Densest Retail Corridor. Outparcel to a Kroger Anchored Power Center & near Numerous other National Retailers including Walmart Supercenter, Lowe's, Kroger, Hobby Lobby, Big Lots, Tractor Supply, CVS, Walgreens and many more.
  • The Surrounding Area's Population increases during the Day, with more than 7k Daytime Employees working within one Mile of the Property.
  • Near Conway Commons - a 654k+ SF Regional Shopping Hub featuring 43+ Stores Anchored by Home Depot, Target, Kohl's, PetSmart, Best Buy, Dick's Sporting Goods and many more.
  • Close to Central Landing - a 151-Acre Mixed-Use Redevelopment that will include a $70M 339-Unit Luxury Apartment Complex and a Large Retail Center.
  • Minutes from Conway Regional Medical Center - a 150-Bed, Acute Care Medical Center providing complete Health Care services to the growing Communities of North Central Arkansas.

Investment Overview

Conway is a city in the U.S. state of Arkansas and the county seat of Faulkner County, located in the state's most populous Metropolitan Statistical Area, Central Arkansas. Although considered a suburb of Little Rock, Conway is unusual in that the majority of its residents do not commute out of the city to work. The city also serves as a regional shopping, educational, work, healthcare, sports, and cultural hub for Faulkner County and surrounding areas. Conway's growth can be attributed to its jobs in technology and higher education; among its largest employers being Acxiom, the University of Central Arkansas, Hendrix College, Insight Enterprises, and many technology start up companies. Conway is home to three post-secondary educational institutions, earning it the nickname "The City of Colleges". As of the 2010 census, the city proper had a total population of 58,908, making Conway the eighth-largest city in Arkansas. Central Arkansas, the Little Rock–North Little Rock–Conway, AR Metropolitan Statistical Area, is ranked 75th largest in the United States with 734,622 people in 2016. Conway is part of the larger Little Rock–North Little Rock, AR Combined Statistical Area, which in 2016 had a population of 905,847, and ranked the country's 60th largest CSA.

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

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

Financing By

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