TUCSON, Ariz. (August 14, 2025) – A newly constructed Tropical Smoothie Café drive-thru property at 7040 E Broadway Blvd in Tucson, at the intersection of Broadway Boulevard and Kolb Road, has sold for $1,984,000 ($1,220 PSF), representing a 6.3% capitalization rate.
The freestanding building is secured by a 12-year absolute triple-net (NNN) lease, which includes 10% rental increases every five years and two additional five-year renewal options. The current annual rent is $125,000.
Offering full ingress and egress from both Broadway Boulevard and Kolb Road, the property is positioned in one of Tucson’s most active retail corridors, home to more than 242,000 residents with an average household income exceeding $68,000.
Tropical Smoothie Café, ranked the #1 smoothie/juice brand, has recorded 12 consecutive years of positive same-store sales, including in 2023. The lease is further backed by two separate personal guarantees from experienced multi-unit operators with significant financial resources.
Cassandra Mosser and Jonathan Eckerd with NNN Pro Group (New York) handled the transaction.
Source: RED Comp #12028.