Smoothie King Franchise #42
789 Pine Rd, Austin, TX 78701
Renewal Notice Deadline
2029-06-30
Royalty
6%
Initial Term
10 years
Expires 2034-06-29Franchise Parties
Franchisee
Smoothie King Franchise #42
Franchisor
Pine Road Realty Trust
Brand
Smoothie King
Premises
789 Pine Rd, Austin, TX 78701
Term & Renewal
Commencement Date
2024-06-30
Expiration Date
2034-06-29
Initial Term
10 years
Renewal Notice Deadline
2029-06-30
Notice Period Required
90 days prior
Renewal Options
1 options of 5 years each
Royalties & Fees
Royalty Rate
6% of gross sales
Minimum Annual Royalty
$8,000
Advertising & Marketing Fund
Ad Fund Contribution
3% of gross sales
Local Ad Requirement
2% of gross sales
Territory Rights
Description
Exclusive 2-mile radius. Non-compete extends to 5 miles for any smoothie or juice bar concept.
Exclusive Radius
2 miles
Premises Rent
Lease Type
Modified Gross
Base Rent
$35.75 / SF
Square Footage
1,800 SF
Year 1-3
$35.75 / SF
Year 4-6
$37.54 / SF
Year 7-10
$39.41 / SF
Metadata
Record ID
lease-002
Uploaded
June 15, 2024
Processed
June 15, 2024