Investment Overview

Marcus & Millichap is pleased to present for sale this brand-new absolute net-leased Tropical Smoothie Cafe located at 1714 Village West Parkway in Kansas City, Kansas, less than a 20-minute drive from Downtown Kansas City. The subject property consists of a newly constructed free-standing building comprised of 1,508 square feet of retail space and is situated on a large 1.26-acre parcel of land. Strategically located on the corner of State Avenue and Sunflower Lane the property benefits from incredible visibility and its unique location fronting Kansas Speedway and Hollywood Casino. Kansas Speedway is a 1.5 mile tri-oval track which hosts dozens of races a year including two annual NASCAR events, the NASCAR Cup Series and XFINITY Championship Series. The track has a total capacity of 48,000 and also hosts numerous other events. The track is also home to Hollywood Casino, a 24-hour casino that offers over 1,600 slot machines, 40+ tables including baccarat, blackjack, craps, roulette, and poker, multiple dining options, and entertainment. The property is well positioned along Kansas City’s busiest shopping and entertainment district while benefiting from easy access and excellent visibility. The area is also home to a number of different traffic drivers such as Legends Field baseball stadium and Children’s Mercy Park soccer stadium – home to Sporting Kansas City of Major League Soccer and the Kansas City Current of National Women’s Soccer League. Directly across the property you will find Legends Outlets, Kansas City’s premier outdoor shopping and entertainment destination with more than 100 designer outlets, retail, dining, and entertainment. The trade area also benefits from many National and Regional Retailers including but not limited to Aldi, Target, Walmart Supercenter, Sam’s Club, Kohl’s, Bass Pro Shops, Menards, Panda Express, Chick-Fil-A, and numerous others. The brand new 2023 construction Tropical Smoothie Cafe will offer a new, absolute NNN, 20-year lease upon close of escrow and will feature attractive 7.5% percent increases every 5-years. This experienced franchisee operates more than 15+ Tropical Smoothie Cafe locations and has proven track record with year over year sales growth. The operator has aggressive plans to expand in the immediate future. Tropical Smoothie Cafe, also commonly referred to as “TSC”, or Tropical, is a restaurant franchise in the United States. Tropical Smoothie Cafe is a national fast-casual cafe concept inspiring a healthier lifestyle with more than 1,100 locations nationwide. For 25 years, the brand has been serving better-for-you smoothies, wraps, sandwiches and flatbreads. The rapidly growing franchise has received numerous accolades, including a top 10 ranking in Entrepreneur’s Franchise 500. It has also been named to Forbes’ Best Franchises list, Franchise Times’ Fast & Serious list and the Franchise Times Top 400 ranking.