1714 NW 23RD ST Oklahoma City OK 73106-1408

Spark Properties is pleased to present the opportunity to acquire an absolute NNN single tenant Tropical Smoothie Cafe. The subject property is located 3 miles from downtown Oklahoma City on NW 23rd St (23,000 VPD).

• 2022 construction

• 20-year lease term, 10% increases every 5 years

• 15 unit franchisee with strong year-over-year sales growth

• Located at a 23,000 VPD signalized intersection at the entrance of Oklahoma City University

• 3 miles north of DT OKC

• Very rare drive-thru in the dense market corridor.

Marcus & Millichap is pleased to present for sale this brand-new Tropical Smoothie Cafe located at 1714 NW 23rd Street in Oklahoma City, Oklahoma. The subject property consists of a newly constructed free-standing building comprised of 1,140 square feet of retail space and is situated on a .45-acre parcel of land.

Strategically located on the Hard-Signalized Intersection of NW 23rd Street and North Blackwelder Avenue the property benefits from its unique location fronting Oklahoma City University. The heavily trafficked intersection where the property is situated also serves as the main entrance to University’s campus and sees more than 21,646 vehicles per day while also being easily accessible by foot for those coming to and from the campus. The property is well positioned along the area’s major traffic and central corridor while benefiting from easy access and excellent visibility. The densely populated Oklahoma City suburb boasts more than 216,000 people residing within a 5-mile radius. The area is also home to a number of National and Regional Retailers including but not limited to Walmart, Firestone, 7-Eleven, McDonald’s, CVS, Walgreens, AutoZone, KFC, Panda Express, Vasa Fitness and numerous others.

The brand new 2022 construction Tropical Smoothie Cafe will offer a new, absolute NNN, 20-year lease upon close of escrow and will feature attractive 10 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.

20 Year Absolute NNN Lease Upon COE

Brand New 2022 Construction

Across from Oklahoma City University | 2,300+ Enrolled Students & 200+ Faculty/Staff

Increased Potential Customer Base due to Daily Commute of Parents, Student, and Teachers

Incredible Walkability from Oklahoma City University Campus

Absolute NNN | Zero Landlord Responsibility

Hard Signalized Corner with Great Visibility | Visible to Over 21,646 Vehicles/Day

High Quality Construction with Drive-Thru

In Close Proximity to Interstate-235 (68,303 VPD) and Interstate-44 (157,238 VPD)

Experienced operator | 15+ Units and Growing

3 Miles from Downtown Oklahoma City