Rowlett, TX - Crunch Fitness & 151 Coffee

Description:

• The Crunch lease is guaranteed by the largest Crunch franchisee in the country with over 70 existing locations and plans to open 100 more in 2026
• Crunch has a new, 15-year lease with 3 (5-year) option periods to extend
• 151 Coffee has 13 years of term remaining with 4 (5-year) options to extend
• Both leases feature 10% rental increases every 5 years throughout the initial terms The asset provides investors with an opportunity to acquire a drive-thru equipped, QSR pad at a desirable cap rate
• 151 Coffee is a growing operator with 16 locations in Texas and Kansas
• The asset benefits from additional rental income from a Twice the Ice kiosk located on the parcel (Income is not included in pricing or NOI but does convey with the sale)

• The subject property is located as an anchor to a host of national/credit tenants such as McDonald’s, Taco Bell, Jimmy John’s, Nothing Bundt Cakes, Pizza Hut, and more
• Across from a Sprouts and Planet Fitness anchored center with other national/credit tenants including Walgreens, Crumbl, Hawaiian Bros, Salad and Go, Panda Express, Chase Bank, and more
• The subject property is in the center of a primary corridor with national/credit tenants including The Home Depot, Walmart Supercenter, Target, Chick-fil-A, Raising Cane’s, Starbucks, CVS, LA Fitness, and others