About the Investment

• Brand New Construction | The property features a newly constructed building with a 12-year absolute triple-net (NNN) lease, requiring no landlord responsibilities. The lease offers 10% rental increases every five years, ensuring steady income growth, along with two 5-year renewal options for longterm stability.
• Highly Visible Location | This property boasts a highly visible location with full circulation ingress and egress from both Broadway Blvd and Kolb Rd, allowing for seamless access from all directions (East-West and North-South).
• Oustanding Traffic Counts | The property benefits from exceptional visibility with over 100,000 vehicles per day (VPD) passing through the intersection of Broadway Blvd (53,200+ VPD) and Kolb Rd (47,600+ VPD).
• Best in Class Business | Founded in 1997, Tropical Smoothie Cafe is a leading brand with over 1,500 locations across 44 states and ongoing expansion. Celebrating 12 consecutive years of positive same-store sales in 2023, the company continues to thrive.
• Blackstone (NYSE: BX) Acquisition | In June 2024, Tropical Smoothie Cafe was acquired by Blackstone (NYSE: BX) for $2 billion, a move that underscores the brand’s strong market position and growth potential.
• Strong Lease Guarantor from Dominate Southern Arizona Operator | The lease is secured by four separate personal guarantees from experienced multi-unit operators with significant financial backing