HMX Realty Advisors presents for sale Lot 2 at the newly constructed Spring Creek Village in affluent Edmond, Oklahoma, part of the thriving Oklahoma City MSA. Edmond is the wealthiest city in Oklahoma, boasting an average household income of $142,597 (2023) and a total population of 98,103. This is a passive ownership opportunity as all of the maintenance and CAM billing is handled by the owner of Lot 3.
Lot 2 comprises a freestanding SWIG and a freestanding Tropical Smoothie Café. SWIG, with over 80 locations and ambitious franchise expansion plans targeting 1,400 units within the next eight years, is a rapidly growing brand. This unit outperforms 70% of all SWIG locations nationwide and 80% of those in Oklahoma, based on Placer AI visit data.
Tropical Smoothie Café, a leading fast-casual restaurant chain with over 1,500 locations in the United States, 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. This unit outperforms 70% of the 1,158 Tropical Smoothie Cafes nationwide, and 64% within a 50-mile radius (Placer AI visit data).
Lot 1 with Donato's Pizza and Mo' Bettah is adjacent and 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 these restaurants are about 1 year old and the visit data from Placer AI puts them as top performers. All of the restaurants have drive-throughs