Corporate SWIG & Tropical Smoothie Cafe 2 Retail Properties Offered at $1,741,538 in Edmond, OK
INVESTMENT HIGHLIGHTS
- Passive Ownership: The center manages and bills tenants directly for CAM
- Stable, Diversified Tenant Mix: Two corporate tenants and two strong franchisees provide strong tenant mix
- Prime Signalized Intersection in Edmond's Upscale Market: Oklahoma’s most affluent city
- High-Income Demographics: 129,500 population with a 135,700 average household income in 5-miles
- Flexible Investment Options: Purchase Lots 1 & 2 together or individually at a 6.25 and 6.5 cap
EXECUTIVE SUMMARY
HMX Realty Advisors presents for sale a corporate SWIG and Tropical Smoothie Cafe in affluent Edmond, Oklahoma, part of the thriving Oklahoma City MSA. Edmond is the wealthiest city in Oklahoma. This is a passive ownership opportunity as all maintenance and CAM billing is handled by the shopping center.
The corporate leased SWIG outperforms 80% of all SWIG locations in OK. SWIG is a drive-thru soda fountain and cookie chain. SWIG, with over 80 locations and ambitious franchise expansion plans targeting 1,400 units within the next eight years, is a rapidly growing brand.
The Tropical Smoothie Cafe outperforms 70% of the 1,158 TSCs nationwide. Tropical Smoothie Café is celebrated for its smoothies and fresh food options. Recognized as the number one Smoothie/Juice category franchise by Entrepreneur Franchise 500 for three consecutive years and recipient of the Franchise Times Fast and Serious Award for 10 consecutive years, Tropical Smoothie Café opened 175 new locations in 2023.
The adjacent Donato's Pizza and Mo' Bettah is also for sale. It is priced at a 6.25 cap for $3,305,600. If an investor acquires both lots the cap rate changes to a 6.75 cap and a price of 4,737,800. See attached flyer.
All of the restaurants have drive-throughs
The corporate leased SWIG outperforms 80% of all SWIG locations in OK. SWIG is a drive-thru soda fountain and cookie chain. SWIG, with over 80 locations and ambitious franchise expansion plans targeting 1,400 units within the next eight years, is a rapidly growing brand.
The Tropical Smoothie Cafe outperforms 70% of the 1,158 TSCs nationwide. Tropical Smoothie Café is celebrated for its smoothies and fresh food options. Recognized as the number one Smoothie/Juice category franchise by Entrepreneur Franchise 500 for three consecutive years and recipient of the Franchise Times Fast and Serious Award for 10 consecutive years, Tropical Smoothie Café opened 175 new locations in 2023.
The adjacent Donato's Pizza and Mo' Bettah is also for sale. It is priced at a 6.25 cap for $3,305,600. If an investor acquires both lots the cap rate changes to a 6.75 cap and a price of 4,737,800. See attached flyer.
All of the restaurants have drive-throughs
PROPERTY FACTS
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Swig
1132 S Bryant Ave, Edmond, OK 73034 |
Retail | 800 SF | 2023 | - |
|
Tropical Smoothie
1124 S Bryant Ave, Edmond, OK 73034 |
Retail | 1,600 SF | 2023 | - |
