7040 E Broadway Blvd | Tucson, AZ 85710
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- LoopNet Team
7040 E Broadway Blvd
Tucson, AZ 85710
Tropical Smoothie Cafe - 6% CAP Rate · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Brand New Construction – 12-year Absolute Triple-Net (NNN) Lease with 10% rental increases every 5-years, and two, 5-year renewal options.
- Freestanding Drive-thru Location – Full circulation ingress/egress from Broadway Boulevard and Kolb Road
- Strong Retail Corridor – Subject Property is located in a densely populated retail corridor with 242,000+ population and $68,000 avg HH income
- Strong Lease Guarantor – Two (2) separate personal guarantees from multi-unit operators with significant personal guarantee.
- Excellent Traffic Counts – Property benefits from strong traffic counts (85,400+ VPD) at the corner of Broadway Boulevard (37,800+ VPD)
- Tenant Future Expansion – Tropical Smoothie Café currently operates over 1,150+ Cafes in 44 states throughout the U.S. and is on track to exceed 2,000
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
1,626 SF
Building Class
B
Year Built
2023
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.56 AC
Zoning
C-2 - C2 - Commercial district predominantly residential in character
Parking
9 Spaces (5.54 Spaces per 1,000 SF Leased)
Frontage
74’ on East Broadway Boulevard
AMENITIES
- Restaurant
- Drive Thru
PROPERTY TAXES
| Parcel Number | 134-21-0040 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $107,274 |
PROPERTY TAXES
Parcel Number
134-21-0040
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$107,274
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