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10430955
10430956

8517 Davis Blvd, North Richland Hills, TX 76182

EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
JS
CA 01360233
Colliers - Los Angeles - Orange County, California
Colliers - Los Angeles - Orange County, California
Listed by Colliers - Los Angeles - Orange County, California
$2,500,000
1179 days on market
Updated 7 days ago

Smoothie Factory Cafe

Details
APN 613-1-3R2
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 2,800
Cap Rate 5%
NOI $125,000
Tenancy Single
Brand/Tenant Smoothie Factory
Lease Type NNN
Lease Term 15
Lease Expiration 08/31/2038
Remaining Term 12.3
Price per SqFt $893
Acreage 0.910
Investment Type Net Lease
Lease Commencement 09/01/2023

Retail | 5.00% CAP | 2,800 SF

Marketing description

The Snyder Carlton National Net Lease Team is pleased to present to qualified investors an opportunity to purchase a new flagship brand Smoothie Factory Café in North Richland Hills, TX with a 15-year absolute NNN ground lease. The 2,800 SF facility is located on Davis Blvd which sees over 23,700 VPD and is positioned in a major retail area with tenants including Walmart Supercenter, Target, ALDI, Chick-fil-A, LA Fitness, and McDonald’s North Richland Hills is one of the most desirable and affluent suburbs in the Dallas-Fort Worth MSA which has over 6.5 million residents. Strong demographics and neighboring retailers make this an excellent location for a healthy quick service restaurant. This is a rare opportunity to acquire a corporate guaranteed new 2023 remodel asset in the Dallas-Fort Worth market, with a new 15 year lease and zero landlord responsibilities providing long term passive income with 10% rental increases.

Investment highlights

  • Brand New 15 Yr. Corp. NNN Lease by Smoothie Factory- 20+ Stores & Growing- Fee Simple

  • Prominent Site along Major Retail Artery- Surrounded by Walmart/Target/ALDI/Kroger

  • N. Richland Hills located within Suburb of Dallas-Fort Worth- Tremendous Commercial Growth

  • New Flagship Location for Café Prototype for Smoothie Factory- Huge Growth Sector for QSR

  • Brand New 2023 Remodel- Zero LL Duties- Strong Balance Sheet by Brix Holdings LLC (Corp.)

  • Rare Dallas MSA Asset- Small PP- Below Market Rent- Tremendous Demo’s ($244,970 HHI)

Listing Contacts

EC
CA 01809955, NV S0172067 (+4)
Colliers - Los Angeles - Orange County, California
JS
CA 01360233
Colliers - Los Angeles - Orange County, California
Colliers - Los Angeles - Orange County, California
Listed by Colliers - Los Angeles - Orange County, California

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$125,000.00
$10,416.67/mo

Valuation Metrics

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DSCR
5%
Cap Rate
5%
ROI

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Additional Information

Name
Patrick Duffy
License
604308
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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