January 15, 2021 – Brian Ahrens and Todd Tremblay of Horvath & Tremblay have successfully completed the sale of Tropical Smoothie in Oklahoma City, OK. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $1,180,327.
Tropical Smoothie is located at 717 S MacArthur Boulevard in Oklahoma City, OK. The stand-alone building consists of 1,593 square feet and sits on 0.54 acres of land. This is a new construction Tropical Smoothie with an anticipated rent commencement date of February 1, 2021. The property features a 20-year Absolute Triple-Net Lease with two (2), 5-Year Options. The lease features scheduled rent increases of 10% every five years throughout both the current term and the option periods. Tropical Smoothie is strategically positioned along one of Oklahoma City’s major retail corridors, the property is leased to Tropical Smoothie Cafe under a long term absolute NNN lease. The property is an out-lot to an At Home Furniture store and is positioned between adjacent out-lots of a brand new construction Wendy’s and 7-Eleven. Furthermore, the property boasts a 5-mile population over 172,590 and is just seven miles from downtown Oklahoma City.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.