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CBRE's net lease property group newport | JAN 23, 2022
Retail Roundup
CBRE
AMAZON TO OPEN ITS FIRST-EVER PHYSICAL CLOTHING STORE

Amazon’s latest store concept is designed to combine the personalization of e-commerce with the immediacy of brick-and-mortar shopping. The first Amazon Style store will open later this year, year at The Americana at Brand, a lifestyle center in Glendale, Calif. The approximate 30,000-sq.-ft. store, designed to offer a high-tech shopping experience, will feature women’s and men’s apparel, shoes and accessories. 

    
QSR'S BREAKOUT BRAND OF 2021: SLIM CHICKENS HITS ANOTHER GEAR

For Slim Chickens, the bar was set when franchising began nearly a decade ago—reach 600 locations by 2025. The proclamation was injected with more life after an equity investment in 2019 from 10 Point Capital, a firm that also backs fast-growing Walk-On’s, which saw its unit count expand by nearly 40 percent in 2020, and Tropical Smoothie Cafe, a chain that recently exceeded 1,000 stores.

    
7-ELEVEN OPENS 77,711TH STORE

7 Eleven, Inc., the company that introduced convenience retailing to the world more than 90 years ago, has once again hit a major milestone: 77,711 7-Eleven® stores open and ready to serve customers worldwide. As the world's largest convenience chain, 7-Eleven is committed to using its global scale to make a difference.

    
DEL TACO ENERGIZES EXPANSION WITH 'FRESH FLEX' PROTOTYPE

Del Taco’s journey toward a new prototype began in 2018, back when the fast casual was determined to create a design that’s aesthetically reflective of its cultural relevancy and culinary innovation. Much work was completed through 2019, but the taco chain hit the pause button once the pandemic arrived. The roughly 600-unit chain reset expectations and made sure the prototype was more adaptive and reactive to COVID impacts.

    
URBAN AIR ADVENTURE PARK EXPERIENCES BANNER YEAR OF GROWTH IN 2021

Urban Air Adventure Park, the largest indoor adventure park operator in the world and part of the children's franchise growth-focused platform Unleashed Brands, announced today it had a record-breaking year with 63 franchise agreements signed and three new parks opened in 2021. The company posted nearly $440 million in systemwide revenue, representing more than $2.8 million per park, fueled by families looking to reconnect and celebrate special occasions with others. 

    
TROPICAL SMOOTHIE CAFE EARNS 10TH STRAIGHT YEAR OF SALES GROWTH IN 2021

Tropical Smoothie Cafe marked its 10th consecutive year of positive same-store sales growth in 2021, along with additional milestones that include opening its 1,000th location, opening more new cafes than any prior year and introducing its top-selling limited-time smoothie in company history. In 2021, Tropical Smoothie Cafe reported same-store sales are up 22% over 2020, with a two-year increase of 29.4% over 2019.

    
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CVS PHARMACY
Metairie, LA
Absolute NNN
Price: $10,652,200
Cap Rate: 4.25%

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MIDWEST EYE CENTER
Calumet City, IL
NN
Price: $8,795,000
Cap Rate: 6.40%

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