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Tropical Smoothie Cafe | New 2022 Construction w/ Drive-Thru | 10% Increases Every 5-Years

$2,152,163

3277 Inner Perimeter Road, Valdosta, GA 31605

Active
Last Updated: 11/03/2022

5.5

Cap Rate

118,369

NOI

Details:
Cap Rate:    5.5%
NOI:    $118,369
Building Size:    1,500 sqft
Lot Area:    25,527 sqft
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    2022
Tenancy:    Single
Lease Expire Year:    11/30/2037
Highlights:
  • Brand New 2022 Construction Featuring Tropical Smoothie Cafe’s Latest Prototype Design w/ Drive-Thru
  • 15-Year Absolute NNN Lease with 10% Increases Every 5-Years
  • Corporate Guarantee from Dyne Hospitality Group (100+ Locations)
  • Located Directly Across from Wal-Mart & Publix (Adjacent to Brand New ALDI, Chipotle, and Peachtree Immediate Care)
  • 2-Miles from Valdosta State University (12,000 Students)
  • Excellent Visibility Right Off Inner Perimeter Road with Traffic Counts Exceeding 27,000 Vehicles Per Day
Description:

The subject property is a newly constructed Tropical Smoothie Cafe drive-thru located in Valdosta, GA. The brand new 15-year absolute NNN lease includes 10% rental increases every 5-years in the primary term and option periods. The lease is corporately guaranteed by Dyne Hospitality Group, the largest Tropical Smoothie Cafe franchisee in the brand, operating over 100 Tropical Smoothie Cafe locations throughout 6 states.

The property is strategically located in the heart of a dense retail trade area directly across from Wal-Mart and Publix and next to a brand-new ALDI, Chipotle, and Peachtree Immediate Care. The site benefits from its excellent access and visibility along the most heavily trafficked thoroughfare in Valdosta (Inner Perimeter Road), which boasts over 27,000 vehicles per day. Additionally, the property is just 2-miles north of Valdosta State University (12,000 Students). National retailers in the immediate vicinity include ALDI, Chipotle, Publix, Wal-Mart, Chick-Fil-A, UPS, Walgreens, Blaze Pizza, Dollar Tree, Goodwill, GameStop, T-Mobile, Firestone, Zaxby’s, Verizon, Dollar General, Starbucks, Wells Fargo, and many more. This is an excellent opportunity for an investor to purchase a stable, long term corporately guaranteed investment with zero landlord responsibility.

Map:
Documents:
Title
Tropical_Smoothie_Cafe_-_Valdosta__GA.pdf
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